Hello guys!
This is my latest update on BTCUSD.
The first five waves up are now completed and the market has entered a corrective cycle in wave 2/a. It is hard to tell now whether the wave 2 has been completed now, but so far the move down is very shallow. My guess is the wave 2 will deteriorate towards the level of $7,500 before the uptrend will resume.
The target for wave 3/c is seen at the level of $9,222.
This is my latest update on BTCUSD.
The first five waves up are now completed and the market has entered a corrective cycle in wave 2/a. It is hard to tell now whether the wave 2 has been completed now, but so far the move down is very shallow. My guess is the wave 2 will deteriorate towards the level of $7,500 before the uptrend will resume.
The target for wave 3/c is seen at the level of $9,222.
Note
This is developing by the book: one more small sub-wave to the downside needed. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.