Its been more than a month now since I posted latest video, but simply I will not update every tick by tick and tried to call any new leg if I do not have a clear view or enough price data for next prediction. Remembers, market has to breath. However, we still posted a lot of chart updates and showed the right direction. Now the question is where we go from here. Well, we definitely cannot ignore the clear that can be setting up here; an 8-wave EW cycle that can cause a bounce from current 61.8% Fib. level.
Enjoy the video!
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BTC is still very slow and we don't see five waves up yet, so it's a possibility that we could see new lows into ending diagonal for wave (5) of C towards 7k.
Do you remember a corrective wave B of a higher degree at the end of February and at the beginning of March, when BTC went almost back to highs? Same thing may happen here and that's why we want to focus on a higher timeframe analysis. Anyhow, it's not about who is right and who is wrong, the real point is to learn how to track markets and how to make right decisions when comes to trading and that's why is important to wait for confirmation levels.
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On a larger timeframe, I couldn't help but notice we may be in a fifth wave down: