Some possible scenarios for Bitcoin

22 May 2018

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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22 May 2018

Not

22 May 2018

Not

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

22 May 2018

Not

Reached all of my targets.

24 May 2018

Not

These were my mid-term targets.

24 May 2018

Not

2nd target reached.