Bitcoin crash is wave 4 or C

05/19/2021

Bitcoin crash is wave 4 or C

The decline looks like a crash because the previous advance is massive, what goes up fast goes down fast. You can see on the weekly chart the decline is a simple correction in the bull market. Either the top wave wave 3 or wave 5, I am not sure. If it is wave 5 the decline is in three waves [A,B,C] and wave C will end lower below 30000. But if the top is wave 3 the decline is wave 4 and it will end soon near current levels.

Posted by Better Trader on 05/19/2021 at 02:05 PM in Bitcoin | Permalink

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Better Trader

05/19/2021