Update on the below BTC idea:
So far BTC price has halted exactly at the 1.618 extension of sub wave (1) at ~$72,800 to complete sub wave (3).
If sub wave (3) is complete here then we could see a wave (4) retracement up towards $75,000-$76,000 before another leg down to complete 5 sub waves.
At that point we get to see if this whole move down has been a corrective ABC, or if its just the completion of a bearish wave 3.
Invalidation for this count is above $79,162
So far BTC price has halted exactly at the 1.618 extension of sub wave (1) at ~$72,800 to complete sub wave (3).
If sub wave (3) is complete here then we could see a wave (4) retracement up towards $75,000-$76,000 before another leg down to complete 5 sub waves.
At that point we get to see if this whole move down has been a corrective ABC, or if its just the completion of a bearish wave 3.
Invalidation for this count is above $79,162
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