ABC correction Wave

20 בינו׳ 2020

As mentioned my last post BTC couldn't keep on the up trend so it has to correct its wave.we can see on our Divergence indicator. btc seems to complete its 5 waves and its time to correct the price, as you can see in my 4H time frame the price crossed down the yellow 200HMA (hull moving average) indicating bearish side to complete the (A) , acts as resistance for (B) and finally support our (C) around the McGinley dynamic (pink line). if we want to make shore for more confirmation I draw fib Retracement , time zone & speed resistance fan to confirm my indicators. it seems to work at this way and only time passing could tell us if its true.

Good luck every one.