BTC - impulsive wave

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Likely wave iii is still in progress, lacking the local terminal thrust to the upside before a meaningful correction in the wave (iv).

Trade safe

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ملاحظة

Just in case, a huge bearish scenario is still possible. Wave 1 -50%, and we may get an ending diagonal of the same size..
the idea in this post is to complete the local impulse only, in the option with a flat in wave 4

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ملاحظة

Some arguments with the use of Bollinger bands

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ملاحظة

on the chart above please note:
- RSI 50 will definitely be a strong support
- Before the reversal (larger frame or a correction of the same degree) - RSI must draw a divergence. It will be done ONLY after the above point (RSI 50)

٢١ يناير ٢٠٢٣

ملاحظة

Soon will go down in a larger correction, so far the count is ok