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BTC extending correction?

Assuming the white count for wave 1 is correct, we might now be in wave 2 (blue) of 3 (white).

This wave 2 (blue) is expected to either end on 0.382 or below 0.5, most likely 0.618-0.704, after a B leg up.

A drop below 0.886 @ 20.6k would be bearish and result in 1.272 @ 17.2k to be tested

Bags loaded!

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註釋

got the bounce, lets see if it can continue above local 0.382 towards 0.618-0.886

註釋

ok that was quick. lets see where it wants to go next

註釋

what a nice wick (flat 2?) down right on 0.886.

Assuming as long as that holds, trend remains up or even full force from here

註釋

we done here?

註釋

gotta love fibs huh? lets see if bulls can continue

註釋

if it looks like a flag it usually is one.... capped at 0.704 fib too really needs to go soon as a zigzag1 with strong 3 next, or its gonna be much lowa

註釋

Although we broke down from the flag as anticipated, looking at fib levels and the kind of structure that a strong move might be just ahead, a bullish one. a new local low however would be bearish confirmation for next leg lower I think. well soon find out what BTC wants to do

註釋

lower local low lead to lower prices

27.2 is MOB

註釋

since 0.886 / 27.2 was MOB

BTC now has arrived at first turning point 1.272, if that doesnt hold, 1.618 next

should not go as deep as 1.886

註釋

since local 0.886 has been violate, local 1.272 logical next target, ideally in the 1.618spot of AB

註釋

well opposite 0.886 been triggered at 27.4 for continuation and it yet looks the recent lows been of corrective pattern with this new local high. lets see if downtrend gets surpassed, then a new trend could start