Bitcoin Continues to Rally, close to topping, with a caveat
Bitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now showing we're on the verge of breaking out...again.
Therefore, I will state, that in the micro patterns I am awaiting a wave iv and v to complete. In the process of this iv and v, if the daily MACD clearly breaks out above the wave 3 peak...that may bring an alternative count into the chart showing this high was in fact wave 3....AND NOT WAVE 5.
Best to all,
Chris
Therefore, I will state, that in the micro patterns I am awaiting a wave iv and v to complete. In the process of this iv and v, if the daily MACD clearly breaks out above the wave 3 peak...that may bring an alternative count into the chart showing this high was in fact wave 3....AND NOT WAVE 5.
Best to all,
Chris
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