An update/alternative to previous BTC 7.16% counts based on volume indicators. As an EW newbie, I'd love comments/critiques! Thank you!!!
LTCUSD has broken it's longterm trend line and is starting to make it's way into a new cycle.
The big 3 (Bitcoin, Ethereum and Litecoin) are in a moment of indecision. This is one of various valid wave counts for the short term.
Bitcoin 8.39% is looking strong for the first time in a while. Now that the bottom is in (hopefully), it appears we've completed subwave 1 of the first impulse and are looking for the bottom of subwave 2. I'm leaning towards the idea that we're in the middle a flat ABC correction and are just about to begin wave C. Or maybe wave 2 is already in and we're starting...
The bottom is likely in and a new cycle is starting. A short term projection...
ETH has been tightening for days, breakout coming soon.