Bitcoin - two possible paths

I think BTC has two possible paths.

(1) bullish

The first scenario is one where price action breaks the flag on the upper side and moves towards wave 3. This is the bullish scenario. Let's keep an eye at what happens near the top of the flag (letter d).

(2) new low

In this scenario the flag is not broken and we continue the a, b, c, d, e formation and get to a new low. Once the low is reached then either we move up and start wave 3 or we break down to see even lower lows.

I will update as we move forward.

Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.