We are still in the Last Wave ((v)) of the Wave A Correction ready to go to Wave B.
In that last Wave ((v)) we have 5 subwaves ( Wave (i) - (v) ) and I have done Wave (ii), ( iii ), (v) Projections according to EW Fibo levels.
According to all that the "BEST" buying zone is after Wave ( iii ) is completed as we don't know whether we will have a Truncated Wave (v) if the Wave ( iii ) is strong which will not pass Wave ( iii ).
See more about Truncated Wave 5 here: http://thepatternsite.com/EWTruncation.h...
Also the last Wave (v) of Wave ((v)) of Wave A will be completed in 2-3 days as we are still in Wave (i). Please note that Wave iv is usually 0.5 - 0.618 but we had only 0.236 in Wave (( iii )).
Please note that this is purely Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
Our projected Wave (c) was between 8.8 - 8.9+ but it didn't manage to break the Bottom of Wave (a) @ 8209. Which means that we are still in that correction wave ((iv)), Wave (b) going to (c).
We also had double bottoms & Triple bottoms @ 8350 and we should've waited until the price break of the Wave (a) @ 8209 for a Wave ((v)) confirmation. Lessons learned
in the last wave iv going v.
In that Impulsive Wave v we got another 5 waves. When I calculate According to these values
Wave iii = 1.618 x Wave i
Wave v = Wave i
I can see that Wave v completes at the top doing a Double top ~8.9k
If BTC goes above 9k then most likely we need to recount the waves to find whether we are in a different Corrective Wave pattern (Not ABCDE Triangle Pattern)
This is the current Wave v projection according to that:
According this 2 types of Wave v Projections it seems like Wave v completes in 8.9 - 9k area
If BTC Correction Wave (iv) Completes here then it's time to go down to the "FINAL" Wave (v) then I will do an update with the new "BEST" Buy Zone.
If this happens then the BEST Buy Zone is closer to the end of Wave iii of the last Wave (v) of Wave A.
These Waves done with the EW Fibo numbers compared to the previous Wave and the BEST Buys Zone falls between 7.8k - 7.9k.
It'll be so hard to catch the bottom of the wave (v) as lots of people might have limit orders around there.
This chart can be confirmed once the price breaks 8.2k but this is give you an idea