Monday 28 June 2021

Bitcoin's ABC Correction Explained (and what's likely next)

Bitcoin's ABC correction explained (and what's likely next). Bitcoin's major rally from under 10K to 64K was likely a wave 3 rally, in our view. This means that the recent 50% drop in bitcoin was most probably an ABC corrective structure within a Wave 4. In other words, it is probable that once the "C-wave" of wave 4 completes, we could then start the next major wave up. We explain more in this video. TA Video by Alessio Rastani.