For BTC i still believe we are in a Flat Corrective structure in the major time frame which should end somewhere around 29K -27K. Within the expected Flat Structure we are currently in its final leg which is LEG C. LEG C in a flat has to unfold in a 5 waves pattern. With that being said, based on the charts i believe we have completed Wave 1 - Wave 4 for LEG C. We are currently in the final Wave 5 of the C LEG.
Narrowing down smaller, within the Wave 5 of the C Leg we are in its Minor Wave 3. Meaning we should have another drop followed by a small retracement and then the final drop before the major buy. I do believe once price breaks that 28K support level we may see an immediate rise to the upside. So if you are going in for the sell do ensure to TP around the support area (29K-27K). For the long term i do believe BTC will be setting new highs. FLY TO THE MOON!!!!
Narrowing down smaller, within the Wave 5 of the C Leg we are in its Minor Wave 3. Meaning we should have another drop followed by a small retracement and then the final drop before the major buy. I do believe once price breaks that 28K support level we may see an immediate rise to the upside. So if you are going in for the sell do ensure to TP around the support area (29K-27K). For the long term i do believe BTC will be setting new highs. FLY TO THE MOON!!!!