BTC continues in corrective sideways action within the flat zigzag.
So, if we count with the flat zigzag combination then we should be close to the wave Y as the final wave.
So, if we count with the flat zigzag combination then we should be close to the wave Y as the final wave.
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First we must break through the resistance at 10,8k (red zone) and then we can talk about the moving up at 12,2-12,3k (dt line), where the stronger resistance waiting for us.
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So, first resistance zone has been broken, now I would expect testing the support (previously resistance) if it holds. But maybe there will be no testing, cause of the bulls mood.
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Ok, I think this is the right time to look at the charts we can see now.
Let me describe my thoughts...
This 1H chart below as you can see bellow is doing pretty good so far.
My attention is focused at the line skatched you see at the chart below.
In case this support line marked with arrow at the sketch is gonna be broken.. then you can open some scalp short positions.
But! when I look at the most important time frame to me... (in cryptos), which is daily TF.. for sure...you can see there two green candles with the long wicks below. So I do not think we can go lower so much..
BUT! When we zoomed out..there is still option that we have to keep in mind with the wave C of the bigger degree is still in play...
Just look at that steps above and you can forward according to them or use your own analyse ;)
Let me describe my thoughts...
This 1H chart below as you can see bellow is doing pretty good so far.
My attention is focused at the line skatched you see at the chart below.
