BTC Correction

2019年12月14日

The correction is a messy one but i think we are in the process of finishing a B wave to the down side which will be complete between the $6800-$7000 range. The best count I can deduce is the sub waves (of the larger B wave) dividing into a WXY patter.n The overall pattern is clearly a wave 4 and I believe that there is one more larger wave up (C wave) to about $8300-$8700 range in order to complete the larger ABC patter. If it plays out this way, once the C wave is complete then $5500-$5800 is the next stop. This aligns perfectly with the weekly 200 EMA and the lager cluster of prior support from 2018. If the current low fails to hold and we break downwards with conviction (before going back up), then the wave 4 will be complete and out next stop will be sub 6k.