Today's unexpected 7.3% surge suggests a reassessment of the current wave count. Specifically, it supports reverting to the alternate scenario I outlined on July 30—namely, a more complex wave iv (circled) corrective structure unfolding as a (w)-(x)-(y) combination. This adjustment precedes the ongoing advance in wave v (circled) of the continuing Minor degree wave C.
As a result, the Fibonacci extension target at 6.96 remains valid and continues to serve as the primary upside objective.
Trend Analysis >> Once Minor wave C completes, the countertrend advance of Intermediate wave (B)—in progress since April 9—is expected to give way to a decline marking the onset of wave (C) of the same degree. This upcoming downtrend may begin within the next few days and extend into year-end.
WULF 
BTC $MARKETSCOM:BITCOIN BTCUSD
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
As a result, the Fibonacci extension target at 6.96 remains valid and continues to serve as the primary upside objective.
Trend Analysis >> Once Minor wave C completes, the countertrend advance of Intermediate wave (B)—in progress since April 9—is expected to give way to a decline marking the onset of wave (C) of the same degree. This upcoming downtrend may begin within the next few days and extend into year-end.
WULF BTC $MARKETSCOM:BITCOIN BTCUSD#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.