Today Bitcoin Chart Analysis.
Today, I am focusing on a short-term perspective.
There are two possible scenarios:
In Scenario A, a 1st wave downward impulse has formed,
and the 2nd wave appears to be converging, with the 3rd wave expected to move downward.
Of course, trendlines are important, so please check them carefully.
In Scenario B, the price movement seems to be following an ABC - ABC - ABCDE pattern.
Since the uptrend is very strong, if you refer to my previous chart analysis,
you will see that even after the ABCDE impulse, an ABC correction is necessary.
However, I expect the ABC correction to be brief, followed by a continuation of the upward trend.
Please follow me if you want to keep track of my chart analysis.
