BITCOIN COUNT UPDATE
I am still counting this correction that starts from 12 may as 4th wave from a bigger impulse to the downside as BTC will stay below 0.5 fib retracement of the 3rd wave (price 34161 usd) we have a valid 4th wave in play.
This 4th wave is a wxy pattern formed also by 3 wxy patterns.
The rally from the moment that I am publishing this analyze I think is only the first a that is forming y wave from the 3rd wxy pattern and I think it will end somewhere at 0.618(price 31906 usd) or 0.786 (price 32652 usd) fib extension .
On the long term I am still bearish on BTC even it will climb a little bit.
I will update Bitcoin count at least twice per week so subscribe to watch my future counts.
If you like my analysis please give it a like. Thanks
I am still counting this correction that starts from 12 may as 4th wave from a bigger impulse to the downside as BTC will stay below 0.5 fib retracement of the 3rd wave (price 34161 usd) we have a valid 4th wave in play.
This 4th wave is a wxy pattern formed also by 3 wxy patterns.
The rally from the moment that I am publishing this analyze I think is only the first a that is forming y wave from the 3rd wxy pattern and I think it will end somewhere at 0.618(price 31906 usd) or 0.786 (price 32652 usd) fib extension .
On the long term I am still bearish on BTC even it will climb a little bit.
I will update Bitcoin count at least twice per week so subscribe to watch my future counts.
If you like my analysis please give it a like. Thanks
