## BTC overnight prce action shows 5 waves up and the start of an ABC correction, which should be done today.
## I don't expect much action in the BTC price today.
![qUquSRV6.png](https://steemitimages.com/DQmcUQzF56JLQJMk9aVxPzAFgjXBbW6GpjbziVcboiCnuDy/qUquSRV6.png)
## The volume is still very low, the waiting game continues.
## My "no new low is needed" scenario has not been invalidated yet and is still my primary count.
## All we need now is a strong move up (bigger than shown in this picture) preferably within a wave 3 and fomo will begin. There is a lot of money waiting for a good buying opportunity, trying to catch the low now. If they think that they missed it, they will likely jump in, trying to not miss out on the next rally. 
## But for now everything is calm and boring. STEEM/BTC is starting to look bullish though. If we see a rise, I will make an update about it in the evening.


![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.


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