BTC PUMP IS OVER! ABC correction till March
1. DXY was supported from 100.8, being significant negatively correlated with BTC, DXY pump can lead to a correction for BTC.
2. Emini looks bearish as well, also, Emini seems has finished the ABC correction.
3. BTC now is clear to identify a 12345 impulsive pattern, after the ending diagonal wave 4, and the wave 5 rejected around 25200 which has massive short liquidations. Price reacted sharply.
We are having a A wave down. This A wave should be a mini 12345 down.
4. Market cipher in daily looks bearish as well.
TP1:22400
Tp2:20300
TP3:19200
Happy Trading!
2. Emini looks bearish as well, also, Emini seems has finished the ABC correction.
3. BTC now is clear to identify a 12345 impulsive pattern, after the ending diagonal wave 4, and the wave 5 rejected around 25200 which has massive short liquidations. Price reacted sharply.
We are having a A wave down. This A wave should be a mini 12345 down.
4. Market cipher in daily looks bearish as well.
TP1:22400
Tp2:20300
TP3:19200
Happy Trading!
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