I think its possible to view BTC as forming a very big bullish flag. heading upwards now to hit (D) and will come donw to hit (E) after wards.
If not it can still just be a typical Zig Zig ABC correction... but if thats the case then it needs to head downwards soon.
it ALMOST looks like the price is moving in waves upwards as if its in an impulse.. at least to wave (D)
Keep in mind if it does head down soon and break out the bullish flag trend then we still have 1000 - 3000 to go downwards before things look better.
We just have to wait and see but this looks kinda convincing to me :)
Lets just see.
If not it can still just be a typical Zig Zig ABC correction... but if thats the case then it needs to head downwards soon.
it ALMOST looks like the price is moving in waves upwards as if its in an impulse.. at least to wave (D)
Keep in mind if it does head down soon and break out the bullish flag trend then we still have 1000 - 3000 to go downwards before things look better.
We just have to wait and see but this looks kinda convincing to me :)
Lets just see.
