BITCOIN: The Moment of the Truth

Again, we are reaching the moment on which BEARS and BULLS fight among themselves, the first to keep dragging the market, the Second to reverse it…
Since Christmas I have been talking about this movement, a 5-3-5 Correction, also called Zig-Zag correction.
The movement has been performed exactly as expected, despite the time it has taken to get completed…
LEG A: 5 waves down, reaching the 81.8 Fibonacci’s LevelLEG B: A-B-C subwaves within a long bearish FlagLEG C: 5 Waves Down, completed or almost completed. BTC has touched the “A” level but, normally, this kind of corrections can go a little bit lower…perhaps
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About the author: TIMM Trader

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