Image Source: Bitcoin with ticker BTCUSD is trading in strong five-wave bullish trend as expected and the trend may resume after a corrective slow down. After we spotted a completed wave (5) of 3 in the 4-hour chart, we are still tracking a higher degree wave 4 correction. It just turned out to be more complex, either as a bullish triangle or alternatively deeper flat pattern. So, as soon as wave 4 correction fully unfolds, be aware of a bullish resumption into wave 5 of III towards 75k – 80k area.(Click on image to enlarge)
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Bitcoin Is Still In A Higher Degree Correction
