-In that Wave A we are on the Wave ((iv)) Correction going up.
-Wave ((iv)) got 3 subwaves (a,b,c) and we are on that Wave c
-Looks like Wave c is extended and we are in the last subwave iv going v of that.
Here's my wave v projections:
Using the current wave fibo's:
Wave iii = 1.618 x Wave i
Wave v = Wave i
Using the Channeling Trend Method:
What do you think ?
i.e: wave iii of wave (a) is just above 1 but not 1.618, wave iii of wave (c) is 2.618+ but not 1.618. Sometimes you see wave v truncation when wave iii is strong so i'm not too sure the last wave v or end of wave (c) will do a double top or reverse before that. Also we might go past 8.9k and reach 1.236 of wave (a) if we get another pump like yesterday when they start the 2nd day. This could take btc to 9k+
Also during Consensus 2017 we had similar volume until 1 day after consensus and then btc crashed for few days before the uptrend
Correlation is not causation but it is possible that some people get super excited about this time when majority is still bear until we finish Wave A major correction. I'm also waiting for Wave B correction which will around 1k but never know whats going to happen as bitcoin has always got surprises for us