This is a continuation of the analysis on BTCUSD
(see older posts to get the full picture).
The market is evolving exactly as foretold.
Now the new "impulse 12345+xyzwxyz correction" combination has been
formed, that means that the higher trend(global 12345 bullish trend)
is about to continue.
Also there's some confirming this divergences, on 5m.
Don't have time to map them out, check for yourself(reversed bearish + bullish) .
It is hard to say whether the 5th wave of the parent impulse
will be stronger or weaker than the prolonged 3rd.
So it is most safe to assume that the future wave will be
not that strong, and set our targets as: 8350, 8467, 8667, 9k.
It is also questionable whether the current correction is fully evolved.
Don't panic if the price dance in a flat for a while with slides down to 7867
(such a correction continuation lays perfectly within the frames of the forecast).
But keep in mind, that this forecast is only valid if the price doesn't fall below 7700.
(below 7700 means that the current Waves Map is reconsidered, and
the forecast is invalidated).
Buy, don't be afraid of corrections, and good luck to you!
P.S. The bigger picture suggests that BTC will rise another 20-50% in the coming weeks.
Don't you try to short this instrument while the bullish trend is only starting!
(Only pros are able to dance like that. I, myself, am not shorting, and feeling pretty damn good about it).