RSI dropped below 30 but holding strong at very important support line at 5300s. Looks like C correction is done but definitely needs more volume to cross above 4H MACD
I'd say we are at A now, And what you have labeled as B is a failed wave 5.
msinanpala
⋅
@Maximilian108, Thank you for your feedback.
I wasn't sure if we are at 5 or not on my earlier chart.
I thik 5 couldn't break the resistance and failed and went for a correction.
JMess1990
⋅
Just crossed below 5300 now what?
msinanpala
⋅
@JMess1990,
BTC is going down, let's hope doesn't go down for too long so alts can recover.
Also, it went to 4700 in the last drop but bounced back in 1H.
It needs volume and big green candles.