Wave 5 before a correction?
-if this trend continues into 5 impulse waves of smaller degree, then we would have reached a larger degree wave 5, meaning a correction to follow.
Appears so to me, 12.5k in sights.
-I think it will take a couple days, maybe 2-3 before reaching this price point and I expect the ALTS to continue to show poor performance on the upside.
Maybe once we see this 5th wave end, we will have a real indication if BTC is to continue this bullish trend - but it could easily be a "B" wave of much larger degree.
only time can reveal that.
-if this trend continues into 5 impulse waves of smaller degree, then we would have reached a larger degree wave 5, meaning a correction to follow.
Appears so to me, 12.5k in sights.
-I think it will take a couple days, maybe 2-3 before reaching this price point and I expect the ALTS to continue to show poor performance on the upside.
Maybe once we see this 5th wave end, we will have a real indication if BTC is to continue this bullish trend - but it could easily be a "B" wave of much larger degree.
only time can reveal that.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.