Once the price closed below the bold blue line the blue dotted lines show high probability targets where the market should be held and bounced from. I don't expect any significant bounce. What it will produce though is a new level of daily volatility and therefore new targets.
In terms of EW there are too many variations at this point of time that the entire exercise turns into a form of guessing.
Do you see this as wave y for btc and bold blue line as the tip before it comes down to the dotted blue. Please advise.
Once the price closed below the bold blue line the blue dotted lines show high probability targets where the market should be held and bounced from. I don't expect any significant bounce. What it will produce though is a new level of daily volatility and therefore new targets.
In terms of EW there are too many variations at this point of time that the entire exercise turns into a form of guessing.
Thank you, very thoughtful.