Hi guys,
as you can see submicro waves 1 & 2 in green have been confirmed by the reaction at the gold line (fibo 65%) in the 50K.
Also smaller degree wave 1 & 2 in blu have been confirmed reaching the first target of the 61% fibo expansion at 64.800. I expect wave 4 in blu to be completed shortly and then to head for the 75K area to complete wave 3 in green.
It is important that BTC manage to cross the 65K area to confirm its bullish trend.
as you can see submicro waves 1 & 2 in green have been confirmed by the reaction at the gold line (fibo 65%) in the 50K.
Also smaller degree wave 1 & 2 in blu have been confirmed reaching the first target of the 61% fibo expansion at 64.800. I expect wave 4 in blu to be completed shortly and then to head for the 75K area to complete wave 3 in green.
It is important that BTC manage to cross the 65K area to confirm its bullish trend.
The blu wave count got invalidaded but the support in the 50K area hold. We need to pay attention the price reaction to the uptrend chanel. If the price drops further the next area of support is around 42K.
I remain with the bullish bias but the possibility of a bearish turn is increasing.