BTCUSD retrace Update: Bitcoin painting an ABC correction ?

BTCUSD retrace Update: Bitcoin painting an ABC correction ?

BTC looks bullish again, but it might just ‘B’ of an ABC .
The drop was a clear 5 wave impulse down. perhaps the A.
So now we watch the possible wave B with 2 potential targets.

Break of the red 1.618 at 5125 decreases the validity.
Break of the red 1.236 at 5212 pretty much invalidates.
Break of the red Impulse at 5260 would confirm bull again.

Published at Fri, 12 Apr 2019 11:07:22 +0000

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