Hey Guys and welcome in another update on bitcoin so right now its forming a downward pointing triangle of "Wave A''. I think its a ABC (5-3-5) Correction we are in "Wave A" Which is about to complete. I'm thinking it will take support on fib level and bounce to create the Wave B which will take us to $8400-$8500. Then Fall Back to long term trend line. thanks guys for looking into it hope it will help don't forget to leave a like and feel free to ask Que on comment section.
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Here is the wave count
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Wave D In action
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We may see $8300-$8400 Before upcoming fall
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just as we thought price gone up and formed wave D now wave E is in progress which will take us too $7800-$7900 region
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Just as we expected
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As we thought it bounced to $8450 and then fall so are we going to see $7000? the ans Probably no we may not see $7000 i think its the end of the correction
BTCUSDT Update
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We may see $7000 now
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Bear Alert 5th wave incoming
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Feel Free to buy and reload with the Stop Loss at $7000
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I Hope U Guys Made it in
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A Bounce to $7700 And then it will test the support I'm expecting a triangle in formation
