BTC bull run's endHi there,
Since we reached our blue cycle's (cycle begun on June 27th) wave 4 bottom on dec. 11, we've entered a new series of impulsive waves which is to form big blue wave 5. According to my count we're now in this wave's yellow sub-5 after we got our 4's bottom on a nice expanding flat ending on 161.8%, matching perfectly with wave 4's main objective of 38.2%.
Now our main wave 5's targets are the following:
- $24,900 which is the perfect combination of little yellow 5 at 161.8% and big blue 5 on the 200%;
- around $27,000 on both's 261.8% Fib
Also keep in mind that on the 26k is our bigger-cycle (yellow cycle beginning on Mar. 13th) wave 3's main target on the 261.8%.
Let's see how it goes, we might reach a little higher than expected given the strong bull pressure but I believe we're now very close to a small crash which would be nothing else than our bigger yellow cycle's wave 4. When we see exactly where blue wave 5 ends (most probably within a few days) we'll be more able to infere wave 4's targets. For now, it might be pretty much anywhere between $16,900 to over $20k, but time should tell pretty soon.
Have a great week and enjoy Christmas with your loved ones.
