KO, i agree the ensuing downside will wipe out most of this wave up. This setup reminds me of Gold during October last year:
There was that jagged descent followed by a blast up. I remember you nailed that target near 1360. Look how similar the wave structures of this wave is to what we're seeing in BTC now. Specifically the blast up and then that slow drawn out sideways.
I'm not saying its exactly the same thing, but it argues we have more upside to say520 or 560 BTCe 507, 526 or (at the extreme 550) before a wave down to 420-450.
Here's the context of that wave in the larger Gold H4 chart:
There was that jagged descent followed by a blast up. I remember you nailed that target near 1360. Look how similar the wave structures of this wave is to what we're seeing in BTC now. Specifically the blast up and then that slow drawn out sideways.
I'm not saying its exactly the same thing, but it argues we have more upside to say
Here's the context of that wave in the larger Gold H4 chart:
cryptocurrency everytime