BTC Wave Count is suggesting that there is a possible Extension in play for Minor C (red) within Minute III (red).
9000 Levels represent 100& Fibs Extensions of Minors A & B (red) and 150-161.8% represent a possible Breach of 9000 Levels which would indicate that there is a major sell-off in play which could reach the 3500 bottom.
Is this realistic? Does it make any sense? I think so! BTC needs a solid pull-back before moving higher than 40-50K. Even has potential of topping a 100K this year, is that realistic? Why not!?!
9000 Levels to be watched closely for reactions.
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Wave Count Update:
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Minute IV complete.
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Calling all autobots!
BTC/USD could go to 3500 after all if it gives a Bearish Divergence and the Ending Diagonal in Minor 4 would be confirmed. Simply put: watch the channel trend-line.
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