A very strong move to the upside is inbound after completion of Wave B of the zigzag. This would be at exactly the 100% Fib. Retracement meaning it would be the end of the correction and resumption of Red Wave B also Green Wave C. This Wave must be a clear 3 Wave move to the upside.
Wave B started on Monday 5th August 2024 and is about to come to an end soon. Wave C will follow and with it, tears, lots of tears, as Bitcoin will be looking for a Wave 4 that is imminent.
A Wave A completion will trigger a 3 Wave move towards B and this will go hand in hand with the US dollar's strengthening. All of this is part of a Wave B and will take sometime to complete. Follow for more.
The move highlighted in Green is an on-going five wave that is the B of a zigzag that started at the end of Wave 3. Currently, an A is forming and is not completed then a 3 Wave move will begin and will be called B.
Wave 2 was a zigzag so Wave 4 will be a flat. The A wave of a flat is in its final stages. When done, a very big buying move will occur and it will be called Wave B. This move will unfold in 3 Waves, as per the rules, Wave B must be a clear 3 Wave move.
The red Wave 2 was a flat so we know Wave 4 will be a zigzag. An upward move will begin after completing a beautiful 5 Wave move confirmed by the Fibonacci Sequence at both 4.236 and 2.618. This would be the end of Wave 5 and the larger 3 signaling another big sell. Follow @victorkmacharia on X for more insights.
