Bitcoin SV - Path becomes clearer.

We closed our previous BSV trade in good profit once i saw the pattern develop a little more.

I now think that we were actually completing a larger B wave (rather then an A for the new trend up.) and we should see a final impulsive C wave down.

We should then be good to start the new series of waves up to break the ATH.

The two levels I expect the C wave to complete are boxed on the chart. It depends if we see a contracting, regular or expanding flat.

I will update accordingly.

Comment:

Looks like we have blasted through the higher zone, which means the lower zone has now become active.

No trades yet.

Comment:

Maybe I spoke to soon as we are seeing support in the zone now, however, I am still expecting a further drop, Ive set some buy orders at 235 and the rest at the top of my lower zone at 213.

Comment:

Looks like my first zone was correct. Any open trades close here and await further updates.

Trade closed manually