BITCOIN >>AUGUST 27<< ONE MORE PUSH TO $7K+ OR A DUMP TO SUB $6K
We are at a very important price point . Two scenarios are likely to take place. The 1st leg of the last zigzag is done. To correct it, BTC could rally to the $7200-7500 or in between which coincides respectively to the 50% and 61% fib and reverse from there, or it could just dump from the 38% which has already been hit. Both scenarios could lead us to sub $6k sooner or later.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
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We could get something like this if BTC goes for the 7200-7500 range
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another scenario to the 7200-7500 range
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Could also be a simple flat or irregular correction
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Let's note that we have hit $7k. From what I see, the reversal could still happen in the 7200-7500 range. I would watch out any signal from $7k and 7500.