BTC made new ATH at 69, but retracemed deep favoring 5th wave completed to end cycle I with a double correction in progress favoring more downside.
In relation to BTC, we can see GBTC failed to make a new ATH calling it a B wave from the summer lows in a flat (double correction) and also favoring further downside.
Can see the blue lines were calculated targets based on the high, wave A + wave B to get target for wave C. in 3, 7 or 11 swings low.
Take a look at additional TA showing various reasons to favor more downside.
In relation to BTC, we can see GBTC failed to make a new ATH calling it a B wave from the summer lows in a flat (double correction) and also favoring further downside.
Can see the blue lines were calculated targets based on the high, wave A + wave B to get target for wave C. in 3, 7 or 11 swings low.
Take a look at additional TA showing various reasons to favor more downside.
Comment:
set of 5 waves with wave 3 as most powerful and impuslive while wave 5 as least powerful and most flat
Comment:
Comment:
additional pov to consider