Updated

BTCUSD Short-Term Update: One More Wave Up

The "Alternative wave count" from my previous update has become viable. The A-B-C structure of the last swing down suggests the price should make another high before attempting a deeper correction. At the same time, currect pullback may be more complex with prices moving down to $1640 area. Important price levels and suport/resistance zones are drawn on the chart.

Note

New high is in place, just as predicted. Watch this pitchfork channel:

Note

The price has hit the $1792 target. As long as it stays within the pitchfork, we don't have a clear sell signal:

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