Dead Man Walking
Wanted to throw this updated for BTCUSD out there. My projections for $14500-$17500 have gone unchanged for my bullish case, but I wanted to show both my bullish and bearish counts. I also want to preface this by saying we are 100% in a downtrend, despite what other analysts are saying: unless we break the downtrend line and start moving up in 5 waves above $8800 to start, and then cleanly above $10k.
Bullish count (white): We are currently in wave iv of an ending diagonal on our way to wave v in the range of $7150-$6400 to complete our minuette ABC. From there we bounce up in a wave circle c to $14500-$17500 before finishing off our correction wave C of 4 down to $5500-$4500.
Bearish count (red): Similar to the bullish except we are moving down in a channel towards point iii all the way down to $5500-$4500. Good news about this scenario is we should be in our wave 5 afterwards to new all time highs.
Bullish count (white): We are currently in wave iv of an ending diagonal on our way to wave v in the range of $7150-$6400 to complete our minuette ABC. From there we bounce up in a wave circle c to $14500-$17500 before finishing off our correction wave C of 4 down to $5500-$4500.
Bearish count (red): Similar to the bullish except we are moving down in a channel towards point iii all the way down to $5500-$4500. Good news about this scenario is we should be in our wave 5 afterwards to new all time highs.
Comment:
iii of 5 of (4)?
