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BTC Various Scenarios (Update 2)

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KRAKEN:BTCUSD   Bitcoin
Most probable scenarios (most probable first):

  • Teal: The move up from low 3000's is a corrective wave (currently in the inner C wave) and will terminate around 3300-3400. A large drop below 3000 will follow.

  • Yellow: The move up from low 3000's is a corrective wave (current in the B wave) and will trend sideways for some time. Look for a 5 wave move either up or down which will signal an exit from sideways action.

  • Magenta: The move up from low 3000's is part of a new bull market. Watch for higher highs and higher lows.

Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice.

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