📊🔥 Bitcoin Technical Update – Neo Wave Lens 🔥📊
Since 5 Feb, BTC has been in a complex correction:
📉 First flat ABC correction completed on 5 Mar
🔄 The C wave didn’t fully retrace → signaling an X wave
📈 Another correction began:
• 🅰️ A wave on 17 Mar, retraced >61.8%
• 📉 Hit low of 64,700 → formed B wave
• 📊 Now unfolding C wave with 5 clear sub-waves
⚡ Implication: If this C wave confirms, it signals short-side momentum. Price could retest the 60K zone.
💡 Trader’s Edge: This structure is a textbook Neo Wave correction — confirmation here = short opportunity.
🚀 Stay sharp, markets are shifting fast!
Since 5 Feb, BTC has been in a complex correction:
📉 First flat ABC correction completed on 5 Mar
🔄 The C wave didn’t fully retrace → signaling an X wave
📈 Another correction began:
• 🅰️ A wave on 17 Mar, retraced >61.8%
• 📉 Hit low of 64,700 → formed B wave
• 📊 Now unfolding C wave with 5 clear sub-waves
⚡ Implication: If this C wave confirms, it signals short-side momentum. Price could retest the 60K zone.
💡 Trader’s Edge: This structure is a textbook Neo Wave correction — confirmation here = short opportunity.
🚀 Stay sharp, markets are shifting fast!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.