Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour.
Wave (V) will be formed in 3...
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The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
as per the calculation there are still energy with bulls to ride more, and if price go above certain point then its clear case of indication real BULL run is yet to come
BTCUSD update we moving choppy zone now possible flat correction
if we hold 9700- level and print higher low 10K then next run will be 13K 17K 18K
the possible sideways market 2nd wave
invalid below 7400.
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