We are still in a complex and deep correction of BTC .
What I see is a final 5 WAVE move to the downside. We are actually in WAVE 2 correction which looks to me like a complex Double Combination (WXY). We started with a Regular Flat in W followed by Wave X where I still see an Ending Diagonal forming. in WAVE C.
I expect WAVE 4 to end directly at 0.768 (this is what usually WAVE 4 is doing in a Diagonal). Therefore we will correct into WAVE B and form the C of Wave 4 to the upside. Then we could see 3 Waves down to form Wave 5. Which would make sense because all of us expect the final move down.
Instead of breaking down we would than do the final Zig Zag (WAVE Y) to finish WAVE 2 around 0.768 of WAVE 1.
All of this could potentially happen until the 19th of July - where some people expect a dump for BTC . Which would be the perfect finale to the whole correction. After this complex WAVE 2 we could see a strong WAVE 3 down, a short WAVE 4 and than our WAVE 5 to end this bear market.
I know it is super theory but somehow I like this idea because we could surf some nice waves up and down. I will monitor it carefully.
What about you guys?
What I see is a final 5 WAVE move to the downside. We are actually in WAVE 2 correction which looks to me like a complex Double Combination (WXY). We started with a Regular Flat in W followed by Wave X where I still see an Ending Diagonal forming. in WAVE C.
I expect WAVE 4 to end directly at 0.768 (this is what usually WAVE 4 is doing in a Diagonal). Therefore we will correct into WAVE B and form the C of Wave 4 to the upside. Then we could see 3 Waves down to form Wave 5. Which would make sense because all of us expect the final move down.
Instead of breaking down we would than do the final Zig Zag (WAVE Y) to finish WAVE 2 around 0.768 of WAVE 1.
All of this could potentially happen until the 19th of July - where some people expect a dump for BTC . Which would be the perfect finale to the whole correction. After this complex WAVE 2 we could see a strong WAVE 3 down, a short WAVE 4 and than our WAVE 5 to end this bear market.
I know it is super theory but somehow I like this idea because we could surf some nice waves up and down. I will monitor it carefully.
What about you guys?
