BTC - More downside?
Atualizado
BTC looking really weak.
That may been wykcoff redistribution.
BTC is oversold but the failing to bounce at these levels with heavy sell pressure.
I think we are getting extended waves here.
This count makes more sense to me.
That may been wykcoff redistribution.
BTC is oversold but the failing to bounce at these levels with heavy sell pressure.
I think we are getting extended waves here.
This count makes more sense to me.
Nota
Btc is completing subwave 4 of wave 3. Looking like flat correction with 3-3-5 wave structure visible on small time frames. 6150 is optimistic target for a bounce.
We can go all the way down to 5700 a possibility to hit 3.618 extension.
Nota
4.618* extension,Nota
BTC will likely make another move down once it breaks out this range. We have been in this range for almost 24hrs.
BTC hasn't moved much up in price but RSI moved up a lot more "correcting" itself for another move down.
Nota
BTC completed wave 4 as WXY flat zig zag combo correction.Time to go down.
Nota
BTC will likely test the 6k regions again. Nota
BTC is super oversold. Looks like fives are about to complete. Currently we are in the C leg of subwave 4.
I expect btc bounce around 6300-6400 region.
Nota
This should be the final wave down before we get a bounce 
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