BitcoinShort
BTCUSD, 5th Wave not completed yet!
Updated
My EW count seems to differ of opinion and that the cycle is not completed. Wave 3 must extend to at least 1.618 which only the last low had done. In addition we need divergence between wave 3 and 5. There is none, there will only be once the new low had been completed. What is happening here right now is that we are going to make a flag for the final push down or just a deeper up correction (fake out) to complete the 4th wave before the final push down.
For the 5th wave to be valid it must break the low of the 4th and some therefore 5k area is still on the cards, this cycle is not completed so dont get too excited yet, only once we break the last last can we even consider the cycle completed.
For the 5th wave to be valid it must break the low of the 4th and some therefore 5k area is still on the cards, this cycle is not completed so dont get too excited yet, only once we break the last last can we even consider the cycle completed.
Note
That was a quick rejection,... is that a flag about to form on rhe 1hr just above that major all time trendline?? lets see,.. if it forms and breaks out, strap on,... btc about to go for a ride faster than we thought
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