Raystonn

Raystonn

The recent low of 3122.28 was the end of our major retracement "C" wave from the ATH . We shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin , turning A-B-C into I-II-III of a 5-wave sequence down. A breakout above 5774.72 will confirm bullish strength and the current bullish trend, further validating this wave count.

Raystonn

I have slightly adjusted the end of the recent "ii" wave. This wave was made up of 3 sub-waves, in A-B-C style. This hit a failure when wave C failed to move beyond the end of wave A. This shows strength in the direction of the main trend, which is up. The recent rally is evidence of this strength. Cliff notes: We are in wave iii of 1 of III, heading up.

Raystonn

Here is the full count I am tracking from 2011 until present. You will see 3 levels of waves. The wave labels I use are likely different from those in use by others. That detail is unimportant. Which of the 8 waves is being illustrated, and the relative size of the waves, is of importance. The smallest waves are labeled i,ii,iii,iv,v,a,b,c. The medium waves...

Raystonn

The recent low of 152.40 was the end of our major retracement "C" wave from the ATH. We may stagnate for a while, but we shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin, turning A-B-C into I-II-III of a 5-wave sequence down.