In this count btc just ended the 5th wave of the 3rd of the 5th. From which we got a nice reaction... This last 5th wave came untill the 0.618 of the 3-4 and simular in length of the 1st wave.
Bitcoin is currently making a 5 way structure up and is now busy making the 4th... this 5wave can become the A wave of the correction for the bigger 3rd wave down (the blue one) which was extended to the 2.618 so a bigger correction could be expected.
After this 4th wave there will probably still be a nice short opportunity for the 5th of the 5th wave down, where we can retest the low and maybe break it....
Pls also check my WXYXZ correction predicted and published by me on 29 august... still very nice on point and certainly still valid and in play, link is below
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From now on i will be more active on twitter.. pls follow me there to get the last updates and more info... @DaveCrypto83
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this subwave count is invalidated because the the blue 4th wave overlapped the wave 2. I will open a new trading idea with the possible counts that i see now
a little update on bitcoin..
Btc is currently busy with the 4th wave of the 5th of the A wave. In this picture you can see the complete big 5th wave
And a pic of the 5 min chart to let u see where we are with the subwave count
EuroMotif
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Nice analysis. And I like how your wave IV might peek at 4k , which will surely be strong resistance. I am also thinking one more leg down after correction, lets see how it goes.
Btc is currently busy with the 4th wave of the 5th of the A wave. In this picture you can see the complete big 5th wave
And a pic of the 5 min chart to let u see where we are with the subwave count