BTC 22K is the target

BTC analysis, follow up from my previous posts about BTC (check links below).

I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this.

Bears in full control, 22k is the EW target for wave 5.

Commento:

This is still totally accurate, only difference is that this might be a 1-2 going for the 3 of wave 5. Prepare your anus.

The smaller timeframe wave 3 was actually a wave 5.

Commento:

Prepare ourselves for impact

Trade chiuso: obiettivo raggiunto:

Target HIT, THE FIRST TRUE potential wave 5 bottom is in

Commento:

We can go far further, but this was on elliot count the first potential 5 down structure. A breakdown further should be milder on short term or we can have a bounce with a very sharp move to lower lows for final capitulation. Don't feel left out if we have a strong bounce. We will visit lows again for sure.