BITCOIN: how I see it today

Nothing new that you do not already know at this point, however, for me it is good to do a summary of the market structure to see where it can lead us.
First of all, I am still a BULLISH although I need one last downward stroke to finish confirming the correction in progress.
Some say that we are in accumulation and that this may lead us to wait a few more days at the current price level.
I am of the opinion that we need to finish the last wave of an Expanded Flat correction 3-3-5.

As you can see in the chart, A and B have been completed and as for C, which should be a wave of 5 impulses, it seems that we are completing the fourth and that there is still one more impulse down.
Looking at FIBO levels, the 0.5 level seems like a good bottom as it more or less coincides with previous support.

At the RSI level, the 4-hour chart shows a large Divergence that I hope will accompany the prelude to the end of this tedious correction.

As I have already said previously, this correction can easily trigger another one of more complexity, but not without first raising the lost price again.

To be continued.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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