$BTC - Triple Zig-Zag Correction (WXYXZ) to find the bottom?
If this theory were to play out, that would put Bitcoin in a 5 wave down sequence for Wave C to complete the full retracement.
Looking at things from a Weekly timeframe, it would align nicely with RSI pushing down to oversold 30s and Wave C would tend to be lower than A in this area, so we may get below 5880s. Not predicting a price. Just trying to identifying what is happening.
Looking at things from a Weekly timeframe, it would align nicely with RSI pushing down to oversold 30s and Wave C would tend to be lower than A in this area, so we may get below 5880s. Not predicting a price. Just trying to identifying what is happening.