Category: Tether (USDT)

BTC Truncated 5th’s and fractal movement?

I was wrong and BTC             kept climbing a bit further before losing steam on the latest run. It looks to me like we are near the end of wave B of this ABC correction within wave 2 of a bullish trend .

I’m new to EW analysis so please let me know if anything seems to break the wave formation rules/guidelines. As far as I can tell everything conforms. For wave C down I just copy/pasted wave A, but it is likely to play out differently than wave A.

If the current 5th wave rally breaks the top of wave 3, then maybe my analysis is faulty and BTC             will continue climbing immediately!

This article was originally published on: The Tether Blog on