Bitcoin appears to have completed a flat correction and is heading into the third impulse of another wave. Since the last correction didn't go below $8,150 (or below the very common .618 fib mark) there is still a count in play that indicates our current wave is the 5th. This means once completed, another final correction could match what we've just seen, or even go slightly lower.
The above is still my primary, however, Bitcoin often doesn't retrace a deeply first wave and an alternate count can be made to indicate wave 1 is already complete:
A third alternative if we don't see higher highs is a longer c correction (less likely in a flat, which means we have to be aware of a possible WXYXZ forming).
Healthy trading and profitable investments,
The Freedom to Be
Legal Disclaimer: The information provided herein is for informational, or entertainment purposes only. I am not providing financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs, and only invest what you are willing to lose.
If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB
