Bitcoin (BTC) Evening Update: Correction Target $6,730, This blog analysis takes you throught the details!

SUMMARY

The price action through out the day has been corrective. The a,b,c correction shows that waves a and b are complete and wave c is ensuing. I've labeled the below as a zig zag within a zig zag for wave c. The purple waves outline the remaining correctional waves and the retrace could target around $6,730 or so.

Here is a daily chart and the correction could touch the upper white line support and that price region is $6,750. Price is expected to bounce off this support and tack in a new high near $8,000; prior to the Segwit2x fork. The longer term price pathway is currently very tentative but it shows what might be potentially left. More details in the video!

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**