BTC EW correction analysis: Bear variant
Updated
This count presumes that the entire move to 69k was a B wave. Which would explain why there was such an unclear wave 1 in the previously named wave 5.
We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly.
BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the wave 5. Note that there has not been an extension in the 3...!
TLDR
There's a strong possibility that we have a short bull trend breaking 25k high slightly before resuming down
Bull variant will follow soon.
We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly.
BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the wave 5. Note that there has not been an extension in the 3...!
TLDR
There's a strong possibility that we have a short bull trend breaking 25k high slightly before resuming down
Bull variant will follow soon.
Note
Fanstic breakdown for the C wave lets go BTC!
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