At the Moment, we have four Trends:
- Midterm downtrend: red 1-2-3 counting: As Long btcusd are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd are trading above 622$
. SHould btcusd trade above the last valid "2" the tp could be 680$
Here is the Explanation for this simplified style of counting
The holy Fibo 61,8%
Trying to catch the correction of the correction?
Longterm resistance turned into support?
New shortterm "3"?
A flag -is that true?
HERE IS THE EXSPECTED BREAKOUT!