Sunday 14 June 2020

BTC/USD

The first chart still sees that Primary wave [3] has commenced. It has retraced Primary wave [2] by approx 62%. 


Assuming that the completion of Intermediate wave (1) is also being indicated by the RSI divergence then a typical target for wave (2) is pointed out. 


The structure of Intermediate wave (1) is examined and although not unquestionably perfect, it gets a good probability pass. 



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