I think BTC might be completing a complex corrective WYZ wave up. Following my count, it needs to finalize wave 5 to aprox 7350 before continuing it's downtrend. Unless it breaks 8600 I'm still mid term bearish and think we will see a lower low towards 5k2.
@Casey7485, We’ll have to see of the count gets invalidated by a lower low, but I think the c wave is still ongoing, it needs 5 sub waves. So I expect it go higher to my target. Maybe around 3rd of sept?
Casey7485
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@Djappa, indeed, we need a lower low to confirm down trend. but if C is ongoing, could it be so long?
Djappa
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@Casey7485, Yes time is not part of EW ananlysis, it gives us a possible direction of price evolution.
Casey7485
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@Djappa, hi bro? if 6900 cant holds maybe wave Y is over?
Djappa
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@Casey7485, Yes sry for the late response, I think this Will go now to 5k2. I might create a new idea for it.
hi, is that possible? Y is over