Small Higher Low Found - Sketch For Recovery Impulse
This is a potential short covering rally path based on a very tiny amount of data, just the shape of what might be the 2 wave.
It's just a sketch to be filled in as it goes, but I would be interested in some scalps long on the 4 wave areas.
It's just a sketch to be filled in as it goes, but I would be interested in some scalps long on the 4 wave areas.
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Not really seeing this as the start of an impulse now, seeing it as more c sideways consolidation that will be hard to count.
However if the current move ends as a higher low with low volume then that means we're probably in an accumulation stage and smart money is picking up BTC stealthily using limit orders that do not move the market much if at all. This would be very bullish for BTC.
However if the current move ends as a higher low with low volume then that means we're probably in an accumulation stage and smart money is picking up BTC stealthily using limit orders that do not move the market much if at all. This would be very bullish for BTC.
