Bitcoin / TetherUS
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BITCOIN - Final 5th Wave! Reversal Close...

3354
Bitcoin is moving according to our analysis. We identified that we were in an ABC correction and wave C has 5 waves.

We have completed the 4th wave recently and now we're in the final 5th wave. We are expecting wave 5 to follow the impulse schematic of Elliott waves (5 wave impulse) but there's a chance we may make an ending diagonal so we should be cautious of that.

If entered at the wave 4 completion structure, stops should now be at breakeven. We're watching for it to move down to atleast 16000 at which point it would be good to take some profits and slowly taper off whilst we wait for the bullish reversal.

We will update you once there's another trading opportunity for Bitcoin.

Do let us know your thoughts below.

As always, trade safe!
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