Quite a violent start to wave c of Y.

In my last post I had expected wave b to end very soon. Once it was done, BTC immediately dropped 700$.

This drop is likely wave 1 of c of Y.

Here is what chart magic looks like:

Wave e of b was very weak, which often happens in this wave. But all rules are adhered to...

Now, a few days/weeks of down movement should follow before the BTC bull market takes over with full force.

7300$ would be the perfect target for BTC to bounce off from, but the low can happen anywhere between 8800$ and 6600$.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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