One count of the current price action is shown above. For this scenario, I expect it to hit that box before starting the C to sub-7k. A caveat to this is that some exchanges are two legs behind in the pattern, meaning that on those particular exchanges (such as Bitfinex) there are no trendlines to define any single triangle. Worst case is a run to 8.7k before reversing.
I am part of a trading group where we discuss EW counts and analysis of bitcoin and other cryptocurrencies. If you're interested in joining, drop me a PM.
I am part of a trading group where we discuss EW counts and analysis of bitcoin and other cryptocurrencies. If you're interested in joining, drop me a PM.