BTC Update - Bears are coming
In reference with previous post.
Price dropped from your level of 61-70% zone and broke to new low, price has made a 5 wave downside to make a possible wave and wave 2 is looks like complete at 100741 level and new low of 93270 is possible inner wave of wave 3, which is 100% from high of wave 2, is it can be a wxy irregular correction of is being completed at 99189.
Internal pattern of Irregular wxy looks like wave A has completed at 98949 but going through internal pattern of A we see a sharp move from bottom to 98042, and we have 3 move upside from there to 98949, and irregular C ending at 97599, B looks like completed here and C resume upside and ended at 99144, which is 100% of A to B. Y of C is slow and sluggish but get to the target.
So we can expect another move down to lows, if price breaks to upside, it can a start a complex correction.
That my study
Price dropped from your level of 61-70% zone and broke to new low, price has made a 5 wave downside to make a possible wave and wave 2 is looks like complete at 100741 level and new low of 93270 is possible inner wave of wave 3, which is 100% from high of wave 2, is it can be a wxy irregular correction of is being completed at 99189.
Internal pattern of Irregular wxy looks like wave A has completed at 98949 but going through internal pattern of A we see a sharp move from bottom to 98042, and we have 3 move upside from there to 98949, and irregular C ending at 97599, B looks like completed here and C resume upside and ended at 99144, which is 100% of A to B. Y of C is slow and sluggish but get to the target.
So we can expect another move down to lows, if price breaks to upside, it can a start a complex correction.
That my study
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