Here I break down the corrective wave structures of Bitcoin since $10,500.
Once again we are probably headed for a triple corrective combination (W-X-Y-X-Z), like we did from ~$14,000 to ~$7,300 (which I think was the bottom, link attached).
I previously anticipated a bullish movement after we completed Wave Y in chart, but failure to do so AND forming a running flat (another Wave X) just increases the probability of the next A-B-C movement downwards (Wave Z) will finally conclude the correction since $10,500 and finally be bullish .
Once again we are probably headed for a triple corrective combination (W-X-Y-X-Z), like we did from ~$14,000 to ~$7,300 (which I think was the bottom, link attached).
I previously anticipated a bullish movement after we completed Wave Y in chart, but failure to do so AND forming a running flat (another Wave X) just increases the probability of the next A-B-C movement downwards (Wave Z) will finally conclude the correction since $10,500 and finally be bullish .
