BTC/USD - Don't fomo yet. Bearish scenario still possible

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey guys,
as you can see I've labeled the count so there is actually not much to say besides: Don't fomo yet. There is still a chance for a bearish scenario. $6k is actually the initial level I was looking for to enter big before price began to surge few days ago. With respect to the length of the 3rd subwave of wave 3 in c, the upcoming fifth wave (if there will be one) has to end above or at $5.8k. Besides the fact that it would be indeed great to buy alts en masse when the recent low would be taken out, this chart does not necessarily display what I want to happen - it's just an observation as I don't trust this surge in price fully. However, if price takes out the 9.5k level and respects it as a support, I'll be looking for a buy to at least $11.7k
Comment: Bearish Scenario:

Comment: Bullish Scenario:

Comment: The alt count for the bullish scenario has been labeled in blue
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out