I think Bitcoin needs a deeper correction to move higher. WXY correction on the table if this is not the beginning of something bigger to the downside. As we stay above 19568 it may use last impulse (C wave in my count) to go higher. Other important levels 26935 and 24050. Good luck!
Since I am not seriously interested in wave theory (precisely because there is no answer for me at what point which models are appropriate to use) there is a question. Why do you use WXY instead of ABC here?
Cross10XSignals
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@averkie_skila, it can be an abc also with wave A instead X with 5th wave truncated. If u measure 1 vs 2 from the X or A whatever you will see ending it at 1.1618 and an impulse usually ends at 2.272 - 2.618 fib extension. Thanks for the comment and question!
averkie_skila
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@Cross10XSignals, Okay, I roughly figured it out. But it's because "it can be an..." that I don't use waves. But Thank you!