Looking at wave 1 of 5 of A to be complete or near completion. The bounce after completion will be 🔑.
Impulse wave down from ATH of 69k, wave C of wave 4 correction to complete 28-32k, looking for wave 5 to be sub-10k. Wave 3 is shorter than wave 1, so wave 5 would be shorter than wave 3. Wave 5 would complete impulse wave C of expanded flat that started in Feb '21. Analysis invalid if BTCUSD breaks above wave 1 bottom of 32933.33.
Updated count. Looking for bulls to take us to 46-49k before final move below 29k to complete the primary 4 as an ABC expanded flat.
Proposed current EW count, subwave 1 and 2 of final primary wave 5 complete, working on wave 1 of subwave 3. I expect the primary wave 5 to end $8k-10k.
Completed count with technical top, from ATL to ATH, extended fifth wave from March 2020 low, 200% of the move from ATL to year 2000 ATH.
My current BTCUSD EW count. Primary 4th wave complete, 5th wave currently underway.