BTCUSD Waves. Under the microscope. (14.06.2018)
Hello.
The local decline is almost completed, further the correction in the wave 2-black could follow.
While there are great chances for a bottom test below 6000, however, it seems as the end of the 5-wave (i) - (v) in the wave c (circle)-red in the triple a-b-c (circle) - red, which is part of the wave 1-black in the possible final diagonal triangle-black.
Also, if we look wider picture, then another final diagonal triangle-(purple) is hypothetically possible. However, its boundaries can be designated only by the fact of a decrease in the current wave to 3,000.
Globally, if one of the variants of the final diagonal triangle is built, the price has all the chances to rise from the bottom in the region of 4000-2000 to 8000-13000, and according to timings this event can occur by the middle / end of autumn. And purple final diagonal triangle promises higher expected value rather than black.
The local decline is almost completed, further the correction in the wave 2-black could follow.
While there are great chances for a bottom test below 6000, however, it seems as the end of the 5-wave (i) - (v) in the wave c (circle)-red in the triple a-b-c (circle) - red, which is part of the wave 1-black in the possible final diagonal triangle-black.
Also, if we look wider picture, then another final diagonal triangle-(purple) is hypothetically possible. However, its boundaries can be designated only by the fact of a decrease in the current wave to 3,000.
Globally, if one of the variants of the final diagonal triangle is built, the price has all the chances to rise from the bottom in the region of 4000-2000 to 8000-13000, and according to timings this event can occur by the middle / end of autumn. And purple final diagonal triangle promises higher expected value rather than black.
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