BTC updated EW count

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8y

Bitcoin has reached its probability target for wave E @ 8265
https://ibb.co/e37VLd

And If we look a little closer we will see that wave (IV) has almost exactly reached the lower degree wave IV in wave A of (IV) (one of the main rules for the 4th waves) and wave E should be the last wave to complete this wave count.

https://ibb.co/n7MCYy

The volatility implied targets are also almost reached and we should be bouncing from where we currently are reaching the volatility implied targets in afterwaves if we close below 8330 on a daily basis

https://www.mql5.com/en/charts/8687158/btcusd-d1-jafx-ltd

If we don't bounce from here and have 3 consecutive weekly closes below the white trend line the above wave count will be invalidated and we will continue all the way down to the bold red trend line.

https://www.mql5.com/en/charts/8687195/btcusd-w1-simplefx-ltd

BTC updated EW count | Ecency