I have been swinging between a mid term bearish and bullish scenario for the market as a whole and that makes trading for me very hard on the longer timeframes.
This chart is showing a bull case for BTC where the low is assumed to be in.
From a Wave analysis point of view, I can nicely fit a leading diagonal pattern, however I do not like leading diagonals, as they ofter turn out to be ABC-s with a close to bang on1:1 ratio.
For now, BTC is down in three waves from the local highs and this is encouraging for a few timeframes. Let's see...
This chart is showing a bull case for BTC where the low is assumed to be in.
From a Wave analysis point of view, I can nicely fit a leading diagonal pattern, however I do not like leading diagonals, as they ofter turn out to be ABC-s with a close to bang on1:1 ratio.
For now, BTC is down in three waves from the local highs and this is encouraging for a few timeframes. Let's see...