Hey Everyone,
Upon further analysis, I have found a more likely path of short term price movements. We may see prices go down to 28k before going higher... Here is why.
I am tracking the yellow minor waves. When this is completed that means wave A is done in intermediate degree (blue). This means what we just witnessed was a B wave of intermediate degree. What happens next is another 5 waves minor (yellow)down if prices do not hold around the 34-35k area.
If prices do hold it will make new highs as I have a bull count for this as well. But we need this area to hold in the circle... If not then we can expect around a 10k or so drop to the 28k level... It should be short-lived.
I'm trying to see if there was any way I could have missed a count and here it is. The alt Bear count.
If I see the bull count make a case from these levels I will post it. I try to challenge my counts when possible.
If you haven't bought be patient...It is hard sometimes and it is a virtue... Either way this area needs to hold to confirm the bull count. Otherwise we are likely to see another move down before we see higher prices.
To Decentralized Freedom!!!