Closed my small $BTC short yesterday and I'm flat now — waiting for the structure to show its hand.
One read: completed A–B–C correction, with C roughly 1.382 × A. The rally before it looks potentially impulsive, and the pullback tagged fourth-wave territory from a smaller degree. That fits the corrective case, but it's not confirmation yet.
Now I'm watching whether this bounce builds momentum or rolls over into another leg down. The evidence will tell us which count is live.
No position. Staying patient and letting the wave structure declare itself.
One read: completed A–B–C correction, with C roughly 1.382 × A. The rally before it looks potentially impulsive, and the pullback tagged fourth-wave territory from a smaller degree. That fits the corrective case, but it's not confirmation yet.
Now I'm watching whether this bounce builds momentum or rolls over into another leg down. The evidence will tell us which count is live.
No position. Staying patient and letting the wave structure declare itself.