Given the recent slump in BTC's price and fears of COVID 19. The retracement has been healthy and reactive but it still does not confirm whether we have completely bottomed.
The RSI and the MACD is the key indicator here, for bullish strength bullish divergence must form. A 5th wave will mean things will come into fruition and is very much on the move given the...
Elliot Wave analysis. A wave almost complete. 4th sub-wave looking complete, signs of rejection at the moment at 0.382 fib level.
Note: Wait for confirmation of a 4HR close below the 0.382 fib level.
RSI & MACD - Preparing for a bullish divergence on a 4 HR chart?
Wave lengths detail - A complete Impulse wave should be 2.618.
First wave - 0.5 Second Wave -...
A-B-C Correction or a W-X-Y in the making, remains to be seen. 5-3-5 Zig zag so far, we could see another wave up for a failure of X or just break through the previous interim high to make the 3rd wave (Seems too early for this, 40%+ in 3 days, exhaustion ---> long correction perhaps?)
0.618 retracement hit, we should bounce from this.
Bullish Divergence on...