#Bitcoin Daily chart update ! 01/15/20 7:30 am EST

Been a while since my previous update in dec 20th where we were looking at the increased probability that the correction would be over at that 6500 low. Since then the market developed impulsively and broke thru the top channel resistance which was one of the requirements in considering the correction completed : quote "As I was mentioning plenty of times before, a clear rise out of the channel would be the 1st indication that we have reached a termination point and be able to look back at a low. Until then we are still very close to it and prone to further weakness. However, we are starting to stretch quite a bit in time as we are reaching almost 100% equality with the rally to 14k from dec last year. Markets like balance, so maybe this will count" . If the count is correct , I am expecting a strong upside move in a 3rd wave that should take us at 28k as first initial target where we would reach equality in length if wave 1 red versus wave 3 red. ( the ideal target would be 161.8 multiple of wave 1) . But we need to build the case for it and that starts with completing first a wave 1 advance which should be already in progress. A wave 2 should follow and that should provide a secondary entry possibly with the retest of the channel breakout. Notice how Jan 5th was the point where wave 2 traveled 100% the distance that wave 1 traveled from dec 2018 lows. ( check the YT video on that using Trend Based Fib Time tool) . To conclude I am now fully bullish while keeping in mind that we need to complete a 5 wave advance of the 6500 lows and that hasn't happened just yet. ( possibly around 10,400 ). Once that is a done a 3 wave correction will unleash the next bull move. Be patient as there will be plenty of chances to join. Looking good.
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New YT video was just posted on BTC, ETH, gold, oil and sp500 . see the link below !