Nord_Block

Update - BTCUSDT 4HR EW Progrssiion

Short
Nord_Block Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Targets met, expecting continuation down as per original analysis, slow going. I beelive we are in a B Wave with a C leg down to come, expecting to see a narrative change and push down to reclaim the 1.618 , sweepeing the lows.

Numerous vector candles indicate liquidity in the taret zone and it will test previous structural supports and resistances.
Comment:
Looking at 1D Stoch RSI and wavses, this end of the first wave, following this move, if targets are hit we would likely see a push up to test significant major structures.

I concern does remain that this macro wave 3 is not complete and loss of clean structue is a result of macro env / fud/ manipulation. Wave 3 should be the biggest wave and so far it is roughly the same as wave 1 (60%)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.