Quick BTC update 27.06.2019
Yellow wave 4 is what's hitting BTC hard right now. The target seems to be 10k.
Can you imagine what happens after this correction?
The most likely alternate looks like this:
It offers perfect wave alternation between 2 and 4. We will know which one it is when we see either an impulse wave up or a corrective wave B up.
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ready for entry
that would be fairly quick a correction if this was really over by tomorrow as you seem to project it on your 5' chart.
But deep inside, I can't but agree with these counts... looking at all those oversold Alt/BTC ratios, looking at all these red double digits in USD pairs (4h charts sometimes), I'm confident this won't last long....
And since wave 2 had a 0.786 retracement, by the rule of alternation I expect wave 4 to be short lived. We'll see! Those who got cash won't care ^^
And yes, I can imagine what's happening after this correction... and so do you :D who knows, your green wave 5 could be crazy expanded by fomo, and I for one believe that on this particular one, alt coins will synchronize on the rise.
Could also be bigger wave A of 2 already. We have to wait and see if an impulse wave follows, or a wave B up follows...
Your bottom alternate looks spot on so far, half way up B now ?
Right, I will have confidence in this alternate count below 11200.
Fomo is a bitch, as it is going up strong right now, if there is a chance, at which value would you say, those counts get invalid, and therefore the correction over, and we are going up in a wave two? $13.000?
I can tell you with 95% certainty that this is very unlikely already a big wave 2 done. It was way too short and too fast for this kind of degree of labeling.
If we see a B up and a C down, then it could be big wave 2 complete. It would also be short in length and fast in time, but it would accommodate the FOMO market behavior.