The short term view for bitcoin is still downward. The rise in price currently is just a pullback to complete wave 4 (a-b-c-d-e). The counting is invalid if the higher of wave iv is break.
XRP now trying to complete wave iv in wave 5. Now XRP is forming triangle chart pattern. If the price break the cut loss level than this count is invalid. The length of wave 5 can be measured by 3 methods. But also in a rare case scenario, wave 5 can be truncated. Taking into consideration of all these possibilities, the minimum take profit area is set at the...
Bitcoin has completed 5 waves in impulsive motive wave. Bitcoin price will make a correction abc after that. This price action can be confirmed if the neckline of the double top pattern is break. Hence the formation of double top is confirmed. Double top pattern is a sign for the trend changes.
This count is invalid if the price make another high breaking the...
