As you all would already be seeing we had a nice drop in price in the last 2 hours for bitcoin, This was to be expected out of the 4th wave. which is a corrective wave and would usually fall to .618 FIB region.
We seem to be holding that for now and I hope we can get a nice bounce out of it and complete the 5th wave.
Now let's just say that my count is completely wrong and we have already completed the 5 waves which is a possibility so I'll also post an alternate count so if we break from this support we can look out for the next one on the line!
Not much of a difference there as you can see all we'll do is go to $6,800 support region which will be the .618 region for the whole structure.
If we still manage to break those then look for .786 on the horizon.
Now I don't think we'll go that low but it is still a possibility to see that price before the whole structure gets invalidated.
keep an eye on these levels and ladder your buys if you're thinking of going long on bitcoin.
