I think I'm one of the few who is still bullish on BTC despite the recent collapse.
The way I see the correction is as an expanded flat with a truncated 5th wave in the larger C wave.
The trend line has been reclaimed and the RSI is showing strength by bouncing off of 40 as support. Generally, BTC RSI above 40 has been a bullish signal.
Still could go horribly wrong, so I'm being cautious. 42k is the mark I think we are all waiting for.
The way I see the correction is as an expanded flat with a truncated 5th wave in the larger C wave.
The trend line has been reclaimed and the RSI is showing strength by bouncing off of 40 as support. Generally, BTC RSI above 40 has been a bullish signal.
Still could go horribly wrong, so I'm being cautious. 42k is the mark I think we are all waiting for.
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LTF view
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Too many different potential counts at this point, so keep it simple. The lines that matter to me are the reds and blues...and also that 50%
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Weekly candle is looking bullish