On BTCUSD we are tracking two different wave counts on a daily time frame, as its unclear if market is already back in bullish mode or are we going to see a new 2018 low first. But short-term direction is bearish after recent turn down and strong break through 7k level so ideally there is an intraday five wave fall in progress now. Based on recent extended leg down, we think that this is wave three and that wave four may occur in the near-term which could slow down at important 7k resistance area.
Mr Grega you are so quiet and silent on Bitcoin. Any update ?
ew-forecast
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Bitcoin hit lower projected levels here around 6400 but still not sure if that's end of a five wave cycle, since it can easily be extended wave three. Definitely not bullish until we see five waves up.
TomPower
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wave % possible completion, if its a bottom it will be a process.