Goodmorning!
BTC is moving upwards in count 4 of 5 corrective C wave down. expect failure of rally at max 12400.00 whereupon BTC is expected to turn sharply down to complete Wave C correction. Upon forming the expect coming low look for BTC to next start a new structure moving higher solidly. We will need to look for evidence supporting a trend reversal once the current structure completes. A series of higher highs, lower lows and volume response will he key to identification when a solid uptrend is established. Until then I expect this current 4th wave rally to move to possibly as high as 12400 before resuming lower to 8700 and very possibly lower to 6400 fib level.
BTC is moving upwards in count 4 of 5 corrective C wave down. expect failure of rally at max 12400.00 whereupon BTC is expected to turn sharply down to complete Wave C correction. Upon forming the expect coming low look for BTC to next start a new structure moving higher solidly. We will need to look for evidence supporting a trend reversal once the current structure completes. A series of higher highs, lower lows and volume response will he key to identification when a solid uptrend is established. Until then I expect this current 4th wave rally to move to possibly as high as 12400 before resuming lower to 8700 and very possibly lower to 6400 fib level.
