And here is my alternate count for BTCUSD.
The recent drop is actually the B-B wave, and all 3 peaks seen here were part of Wave B-A. That would mean we have one more impulse up, before dropping again to find bottom (unless we dive into a far more complicated correctional pattern.)
This isn't my preferred count, but some of the impulse waves fit better into this count than my primary.
Either way, it'll become clear soon which it is. If the price continues to drop to around 8700 to 8900, then the primary count was correct. If the price jumps to around 9300+, then this count is more likely.
Trade setups will include a short around 9300-9500 on this count, or longs around 8900.
But this is Bitcoin! So whatever you do be careful.
The recent drop is actually the B-B wave, and all 3 peaks seen here were part of Wave B-A. That would mean we have one more impulse up, before dropping again to find bottom (unless we dive into a far more complicated correctional pattern.)
This isn't my preferred count, but some of the impulse waves fit better into this count than my primary.
Either way, it'll become clear soon which it is. If the price continues to drop to around 8700 to 8900, then the primary count was correct. If the price jumps to around 9300+, then this count is more likely.
Trade setups will include a short around 9300-9500 on this count, or longs around 8900.
But this is Bitcoin! So whatever you do be careful.
