I am still bullish .BTC is in an upward trend in five waves, as it finished the third wave of the first wave in mid-April and the period of the past four months, and until now we are still in the correction of the fourth wave WXY, and the target is around 41k, we are at the end of the correction, and by looking at the volume from mid-April until now, we find that there is no Volume actually traded compared to the first or third wave
We monitor the scenario and update accordingly. I expected in a previous analysis that the correction is a wave triangle, and I am actually monitoring all possible scenarios at the moment, and I do not have a weighting. We are waiting for the end of the current wave on smaller frames to enter. Of course, there is a positive divergence on the daily and weekly timeframe.
Trade with caution
We monitor the scenario and update accordingly. I expected in a previous analysis that the correction is a wave triangle, and I am actually monitoring all possible scenarios at the moment, and I do not have a weighting. We are waiting for the end of the current wave on smaller frames to enter. Of course, there is a positive divergence on the daily and weekly timeframe.
Trade with caution