Technical analysis by tofinse about Symbol BTC: Buy recommendation (8/7/2023)

45days of correction wave finish soon ? BTC daily chart is clearly uptrend by Dow theory on 4H price show strong impulse wave and clear correction phase now price retrace into 38% of impulse wave It hard to predict correction phase that when it will end also very very difficult to predict complex correction This correction might be double or triple correction that make price ranging for long time but after I check m30 There are possibility of diamond bottom pattern diamond bottom pattern is top 10 continue pattern and rank number 6 in Thomas Bulkonski book so I think RR it overall OK to open long position here