Potential BTC/USD W-X-Y corrective structure thus far
As long as we don't get above the invalidation zone, we might see one more dip to complete Wave Y & prepare for a bullish run, that is if we don't get W-X-Y-X-Z corrective combination in the near future
Potential long entries are highlighted if price does get there
Follow me on Twitter for updates / trade ideas: @tradescendent
As long as we don't get above the invalidation zone, we might see one more dip to complete Wave Y & prepare for a bullish run, that is if we don't get W-X-Y-X-Z corrective combination in the near future
Potential long entries are highlighted if price does get there
Follow me on Twitter for updates / trade ideas: @tradescendent
Comment:
Update: I'm now leaning more towards triple corrective combination W-X-Y-X-Z (as opposed to double, as shown in chart) with another A-B-C going down. If this plays out, it will finally conclude entirely our retracement from ~$10,500 & become extremely bullish. Still, I believe $7,300 was the bottom & therefore we are very unlikely to go lower than that.
