BULLISH ABCD corrective wave pattern completion

18 พ.ค. 2021

Coming off an ugly corrective wave down BTC lost about 35% of its value from its unforgettable run over the past year. The 707 Fib reciprocal 1.414 may be close enough for the PCZ on the daily for Bitcoin. With a bounce off the 200 EMA along with reversal divergence on the oscillators and negative momentum reduction commencing for 1st time in a week it appears the draw down has finally concluded and the next wave and mark up in price may happen. targets are fibs .382-.618-.707- and 1.414 is at 75k psycho resist. retracements upon hitting the initial targets can then lead to the extensions being hit.