Let’s see how this 5 minutes chart plays out. Looks like we had 5 waves down on the QQQ chart and now an a-b-c rally if you don’t mind a little Elliott Wave Theory. We are overbought on our Wyckoff Technometer and I was looking for lower. You can see the OP went to new highs as the QQQ was rolling over. This should also keep Bitcoin a little weaker in the days ahead if it works out as planned.
![](https://wyckoffsmi.com/wp-content/uploads/2023/04/QQQ_5M-2023.04.06_10-57-20-AM-1024x619.png)
![](https://wyckoffsmi.com/wp-content/uploads/2023/04/QQQ_5M-2023.04.06_10-57-20-AM-1024x619.png)
Responses