Quick preview of my past TA - Bitcoin Technical Analysis - Will the correction ever end? 26 March 2018.
Signals are still unclear, thus, I came up to two scenarios:
Corrective wave 5 was completed at $7,730. Upward trend to follow as indicated below.
Clear breach of $7.6k zone will invalidate this count and will validate the scenario 2.
As I have said yesterday, corrective wave 3 may not yet be completed and the price may still go down to $7.65k zone before goind back up. As you can see below, wave 3 went down to $7,730, which may have completed wave 3. Therefore, I expect the price to go up upto $7.4k zone, then go back down to lower lows up to $7.0k zone.
