tommyelltom

BTC - TRIPLE COMBO vs IMPULSE WAVES

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are inside the unfolding flat correction , it's obvious...that's why it's taking so much time.
It's definitely good for the market, good for a stability and further development, as the building pilliars..The more time it takes the bigger impulse to expect.

I see there two variants now. The first one that we are sitting at the support line and the fib. 0,786 of the smaller impulse wave ii.
But it seems that we did not get enough power from this potential bounce zone. Volume still sleeping as well.
So, I will count with the alternative A as the main and the most likely scenario to me.

Projection of the Alt. A is equal wave a (ii) and also at the same spot is 0,786 fib. retracement of the bigger cycle, this could be the wave Z as the result of the complex flat correction .
Right there I would expect some penetrative bounce which can unfold in impulse wave and start the momentum.
This last correction wave Z(c) may be that trigger to proceed to the upwards.
You can see everything at the chart.
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