The market is still heading down, but the chart shows signs that the current trend will end soon.
At a higher time interval, an ascending wedge continues to form. A downward corrective wave [iv] has been formed in this movement by this moment. Once this wave is completed, the formation of an upward wave [v] should be seen.
Waves of a lower time-frame form a triple three. The price is currently in the wave (z). When this wave is completed, a more directional price movement is expected.
To summarize, at the moment the Bit.Cash chart is maintaining a downward movement vector. However, the corrective wave is in the final stage of formation.
In this situation, long positions are prioritized.
Bit.Cash H1: Wave Analysis for the European Session on 17.8.2025
