BTC USD short term areas of interest
Updated
This about covers all of the most reasonable potential paths. This is intended to be a rough guide of targets and trend confirmation.
I'm still unclear of the exact wave counts since hitting bottom and until we have a swing low and have the chance to measure, I can't reasonably confirm which of the 5 potential sub wave counts I perceive as valid. Though I find each unlikely, we all know anything can happen so I've included my highest and lowest considerations at this time and until further notice, those are the pink trend line below and a quite unlikely $9,800 high. There's a slight chance we bounce at $8,600-$8,700 line immediately below present price action area before realizing some upside however I'm not holding my breath. This is about the only way I could see a break to the upside above my highest target but again, Not giving much attention to this unless this condition is realized.
Popcorn time and lets consolidate!
For now I'm hanging tight and awaiting further indication of direction and pivot points in these areas of interest.
I'm still unclear of the exact wave counts since hitting bottom and until we have a swing low and have the chance to measure, I can't reasonably confirm which of the 5 potential sub wave counts I perceive as valid. Though I find each unlikely, we all know anything can happen so I've included my highest and lowest considerations at this time and until further notice, those are the pink trend line below and a quite unlikely $9,800 high. There's a slight chance we bounce at $8,600-$8,700 line immediately below present price action area before realizing some upside however I'm not holding my breath. This is about the only way I could see a break to the upside above my highest target but again, Not giving much attention to this unless this condition is realized.
Popcorn time and lets consolidate!
For now I'm hanging tight and awaiting further indication of direction and pivot points in these areas of interest.
Note
I need to clarify, I feel this situation is still very bullish for the year and have yet to observe anything suggesting to me we require more downside at this time below the values I listed above.How quickly we'll move up is up for consideration with all the regulation concerns and insecurity with the G-20 meeting in August however largely sideways until then is certainly reasonable and quite bullish in nature as I see it.Note
$9,800 is looking pretty reasonable now before a pull back. I was able to conclude before we broke out and updated a chart here before publishing continued potential options I felt we were very near breaking up from the ascending triangle. We broke out very shortly after. There were some FERY proffitable longs obtained in that 1st candle. Through lower time frame divergence 2 hour and lower, ttm squeeze, MACD trends, Candle configuration (no real volatility) and a more clear potential understanding of sub wave count. We're finding strong support in BTC price action now and I expect more upward momentum into at least the $9,800 area where we can continue observing the signals and counting waves. I'd like to add, I strongly suspect the price action all the way up until April 17th was some form of combination corrective waves. The last time we saw a similar reversal condition like this was from 6k to the break out of 9k where we started an impulse wave up. This wave turned out most likely be a sub A wave within the larger corrective cycle. From here, its possible we make it back into the 10k+ range before a pull back if buying pressure increases after the psychological resistance at 9k. It's still far too early to tell if this is an extension of the correction cycle where we trade sideways in an ascending wedge or even kick it into high gear to some pretty attractive numbers before the summer solstice. I'd also like to note when I say "an extension of the corrective cycle" I still see precisely no evidence we'll be breaking the pink trend line I've been driving home in my TAs in the Boogie Bear series of charts. I hope you guys are starting to understand the bearish charting circulating TV continues to chart Bearish outcomes despite the continued failure of these TAs. Boogie Bear PTSD is real and is why it's so important to DYOR and learn the basics of charting and indicator perception to help you understand what is hogwash when you see it. Check out my profile Signature for ways you can start to learn the basics should you feel the need. By the way guys, If you're finding my TAs helpful, objective, and largely accurate (as literally no one can be 100% correct while posting with any frequency and tenuous reversals can become increasingly difficult to dial in exact targets.) This said, I can say I'm bringing you far more respectable content then the doom and gloom TAs based on a predisposition of BTC eating dirt out of trend and I was doing this well before the pack hoped on board after refusing to consider signals and indicators in preference of a single scary fractal while others continue altering their charts to fit any possible way (or impossible way as EWT goes haha) to claim BTC will drop below mining costs without any substantiated evidence aside from feelings. Anyone here who missed the dip because they couldn't trust in their own perception of the market may consider beginning to refocus on themselves and growing their own capacity to take control of their financial freedom. Feel free to PM me for guidance on the topic. I'm happy to help.
Things are getting really exciting and at worst I hope everyone has been able to take advantage of the positive price action! Its been a FANTASTIC month so far for me.
Note
This is the chart I updated with the potential outcomes at resistance. As I mentioned, nearing the completion of the ideas, I observed price action forming a more clear indication of a wave count to help validate the break out in addition to the other signals and indicators. 
Note
This TA remains effective. hope everyone is paying attention!Note
Here is an update to this idea in the event we fail to retrace all the way to the zone 1 box before another leg up. Again, with the present configuration of the waves, I still see more than one valid count. I'll feel a lot better once we have a swing low.
Trade closed manually
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