Overview: let's review the previous two updates on BTC:
Feb. 4th: I had BTC needing a final push higher to the 25000 resistance zone to complete wave A of (1), then a pullback to the 20000 zone as wave B of (1), then the continuation of move higher as wave C of (1).
April 7th: BTC has been following our proposed path perfectly. What I see at the moment is that wave I of C of (1) has been completed. What follows is a pullback to test the old resistance (new support) 25000 zone by the middle of May, then continuing the move to the upside.
Update: based on the price action we have seen since the last update, I am doing a relabeling to my wave C of (1) and I think this wave has been already completed. The overall view that we are going to have a pullback to the old resistance (new support) 25000 zone is still in place, but labeled as wave (2), before launching to the upside as wave (3).
Feb. 4th: I had BTC needing a final push higher to the 25000 resistance zone to complete wave A of (1), then a pullback to the 20000 zone as wave B of (1), then the continuation of move higher as wave C of (1).
April 7th: BTC has been following our proposed path perfectly. What I see at the moment is that wave I of C of (1) has been completed. What follows is a pullback to test the old resistance (new support) 25000 zone by the middle of May, then continuing the move to the upside.
Update: based on the price action we have seen since the last update, I am doing a relabeling to my wave C of (1) and I think this wave has been already completed. The overall view that we are going to have a pullback to the old resistance (new support) 25000 zone is still in place, but labeled as wave (2), before launching to the upside as wave (3).
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