Just when you think its over
Updated
When you have filled your bags and are waiting for Bull Run, market will grab you by your bags and crush your 2Bit Coins.
The wave count shown in the chart above is my main wave count for Bitcoin right now, the sub-wave structure of wave 4 from my previous analysis is updated and by the looks of it, bitcoin seems to be in a complex correction, which is only natural since wave 2 was a simple zig-zag.
This upward movement is expected continue for some more days/weeks maybe until people shut their eyes dreaming about the profits they are going to make by the end of year. And when the market decides to run it course, the sleepers will be woken and blood shall be spilled.
As long as we do not break 1.236 fib on weekly, I refuse to side with Bullish Gen Z.
The wave count shown in the chart above is my main wave count for Bitcoin right now, the sub-wave structure of wave 4 from my previous analysis is updated and by the looks of it, bitcoin seems to be in a complex correction, which is only natural since wave 2 was a simple zig-zag.
This upward movement is expected continue for some more days/weeks maybe until people shut their eyes dreaming about the profits they are going to make by the end of year. And when the market decides to run it course, the sleepers will be woken and blood shall be spilled.
As long as we do not break 1.236 fib on weekly, I refuse to side with Bullish Gen Z.
Note
Although the downward move which was anticipated has been underway for the past days, i am starting to believe this move is corrective move and not downward impulse and might be followed by upward movement breaking the BTC downward structure on weekly by forming a new HH in upcoming weeks.I am currently looking for oppertunities to hedge my short to ride the upcoming upward movement incase things turn bullish. But its a bit early to jump to conclusions right now.
Trade closed manually
This idea is invalidated. BTC will go lower, but it seems that wont be before a little more upward move.
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