I see the correction as over now for BTC and its ready to go up. We see lower prices being rejected on higher volume, in a similar fashion to the previous low (see red circle). This would mean the breakout move from 3665 to 4485 was the first impulse up, and we have been correcting since. If this proves correct we can expect a possible final retest of the low before a sharp move up.
Anulowano zlecenie:
We didn't see our up move so now any breakout from the main trend line here could be shortlived, and a further low to come:
