A few hours ago I said that BTC could start acceleration down. If it continues tomorrow, a high chance that wave (C) down began. If this is the case, the most typical targets would be:
- (C) = 0.618 x (A): $19975.
Note that this target is just a tad above the Long Term support of $19870.6. If this support breaks, $BTC could see a 4-digit prices in the nearest future. The long term waves/forecast will require a full recount if LT support breaks.
- (C) = 0.786 x (A): $14176.
- (C) = 1.0 x (A): $6789.
I hope Friday’s and particularly Saturday’s closures provide enough data for forecasting minor wave moves and minor targets.
The Long Term Forecast posted on Jun 9 stands. The link below.
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