In this idea I'm showing you my preferred EW count at the moment:
We are in an expanding flat with a 3-3-5 structure, A and B wave were completed in ABCs
Now we are in the C wave which should be completed in a 5 wave move
Wave 4 (in white) of the larger wave C (in green) was completed about 2 weeks ago (at 48k) in an ABC as you can see on my chart (in red), and we are now heading down for the final impulse down (wave 5)
If that's the case, we are breaking the 28.8k low that we put in on June 2021
Personally, I would like to see BTC bottom above 20k (let's say from 22 to 25k) and I would like for the bottom to be put in beginning to mid June (I have some fib time confluence on those dates)
I know the 5 wave impulse (white) for the C (green) doesn't look very pretty, but it's personally my preferred count
Any questions?
Good luck traders
Remember not to break your rules
Habib
We are in an expanding flat with a 3-3-5 structure, A and B wave were completed in ABCs
Now we are in the C wave which should be completed in a 5 wave move
Wave 4 (in white) of the larger wave C (in green) was completed about 2 weeks ago (at 48k) in an ABC as you can see on my chart (in red), and we are now heading down for the final impulse down (wave 5)
If that's the case, we are breaking the 28.8k low that we put in on June 2021
Personally, I would like to see BTC bottom above 20k (let's say from 22 to 25k) and I would like for the bottom to be put in beginning to mid June (I have some fib time confluence on those dates)
I know the 5 wave impulse (white) for the C (green) doesn't look very pretty, but it's personally my preferred count
Any questions?
Good luck traders
Remember not to break your rules
Habib
