Updated

Some possible scenarios for Bitcoin

Here is my bearish counting. The uptrend wave for recent days was interpreted as 5-3-5 structure and thus as wave B. In this case, we would be expecting wave C which presumably might reach $7,700~$7,800 where a lot of people is waiting. Breaking above $8,600 will invalidate this count.

My bullish countings are as above. I interpreted the recent uptrend wave as 5-3-5-3-5 structure which means we are done with correction and we are on sub-wave 2. Breaking above $8,600 will give more weight on this count and breaking below $7,925 invalidate this count.

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Note

We need to break above top of the parallel channel to get some bullish momentum

Note

Reached all of my targets.

Note

These were my mid-term targets.

Note

2nd target reached.

Tommy_Trader

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Tommy_Trader

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