(1D) BTCUSD 3-3-5 FLAT CORRECTION BREAKOUT IMMINENT

17 paź 2022

We are approaching the end of the 3-3-5 Expanding Flat correction that BTC has been playing out since April 2021. We are currently QUADRUPLE squeezed inside of the 50 DMA, the 78.6% Fib Retracement level, the upper price level of the previous correction (from Dec 2017), and the upper trend channel of Wave C of the current correction, which can build pressure and blast off at any moment. Ideally, I'd like to see Wave 4 (of Wave C) complete and give a little more down side to complete Wave 5 at around 13K. However, the quadruple squeeze dynamic could give us a break out at any moment! Keep your eye on this one, the chance to get BTC at these levels is running out!