7 swings decline had complete. Expecting bounce to happen in at least 3 waves.
Bitcoin has completed 7 swings down from the peak of April. Expecting price to move upwards soon.
A little update from my previous analysis looks like price is already in the blue box. Anticipating for a move up.
Update on analysis based on previous ones.
BTC went on to make a new low from my previous analysis as expected. Soon a 3 wave bounce will happen to make Wave (B) of (Y) then downward movement towards blue box to complete the WXY corrective wave.
From my previous analysis, now Wave (X) has completed. Anticipating for a drop towards blue box to complete wave (Y) before price to move upward again.
Still unsure if this pair will make new high towards 113 or a double correction could happen to the downside.
Also shown in here is a harmonic pattern Bearish Shark that completes at 113% extension
Wave ((4)) looks like a simple zigzag ABC thus wave ((5)) will be a complex one.
On hourly price already broke and closed above wave B triangle heading towards C completion.
Looks like a flat expanded correction since the low of $1784 movement looks impulsive in 5 waves.
Still correcting phase. If price doesnt break peak of 29 Jan, it could be Expanding Flat Correction which we could see to the downside target of $1819 - $1804
Price made 3 waves to merely break peak of 21st Jan and price gone back down. Only sensible pattern here is an Expanded Flat Correction is happening. Target area for the short will be between $1819 - $1804 to complete this Wave (B)(red) before expecting price to climb up for Wave (C)(red) completion targeting somewhere in between $1903 - $1927. From then on,...
Price went up in 3 waves from the low of $1844 and ended at peak of $1864. We could still get another low towards $1830 - $1815 to end this wave (C) of ( y). If price breaks the peak of $1864, next area to complete ABC correction from low of $1806, will be in between $1899 - $1918.
Double correction from the peak of $1875. Expecting one more low into blue box before we continue the climb towards $1903.