Bitcoin (BTC) Morning Update: Waves 1,2,3 Complete
Bitcoin (BTC) hit the $9k target as projected in yesterday's post and that completed the wave 3 (white) of the five impulse sequence. The blue waves are the subwaves of the white wave 3 and seem complete. Recall that waves 1,3,5 always have five subwaves as they are the actionary type. Waves 2 and 4 are reactionary and have 34 possibilities in corrective sequence. We could try and use the rule of alternation between 2 and 4 but Cryptos don't adhere to that very well. So, let's see how wave 4 pans out; but it'll likely be a minor correction as wave 4s never retrace deeply because it can't overlap with the peak of wave 1.
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