I've underestimated possibility of robust growth after BTC price broke consolidation upwards near 8100 on 12 June. Similar mistakes are not rarely to meet during a trend phases.
We saw strong rally later this week to the new year high near 9400. Now market is deepening during some pullback.
I don't think any more that this growth is part of a correction. I've revised my basic wave count to more bullish one.
Under revised count, top of 30 May formed an apex of wave III (green cycle) and wave V is rolling right now.
In this case current pullback may provide us with buying opportunity. We shall detect the moment when market reverses to the upside and take a long position using a fresh local low as a stop loss level. Probable price target for wave V are 10000 and 11500.
We saw strong rally later this week to the new year high near 9400. Now market is deepening during some pullback.
I don't think any more that this growth is part of a correction. I've revised my basic wave count to more bullish one.
Under revised count, top of 30 May formed an apex of wave III (green cycle) and wave V is rolling right now.
In this case current pullback may provide us with buying opportunity. We shall detect the moment when market reverses to the upside and take a long position using a fresh local low as a stop loss level. Probable price target for wave V are 10000 and 11500.