BTC Countertrend Scenarios
Updated
Two scenarios:
1. Finished an ABC countertrend (pink) and are heading for 5800.
2. In the process of a larger A wave (teal) and will terminate around 6800 before heading down to 5800.
1. Finished an ABC countertrend (pink) and are heading for 5800.
2. In the process of a larger A wave (teal) and will terminate around 6800 before heading down to 5800.
Note
It seems scenario 2 is playing out.We may have just finished wave B with a flat (3-3-5) and are on track to 6800.
Note
6800 reached.
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