Looks like wave 3 was completed at $7.519. If so, it is likely that BTC price is on its way up to Wave 4. If not, then the price may still go down to $7.4k zone before moving upward.

I think it is more likely that we are on our way to Wave 4 as an upward trend is supported by 1 hr MACD and RSI bullish divergence.

Wave 4 is expected to be completed at $7.7k - 8k zone (0.236 Fib. retracement)

However, if BTC price dip below $7.4k and maintained the price below that, current counting will be invalidated and price will go to $7.2k - $7k zone. Breaching $8k zone will also invalidate current count and may push the price to $8.4k and hopefully higher.

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

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