BTC Downtrend invalidated

٢١ مايو ٢٠١٨

In my last post I showed a potential WXY that could take us to around $7700. This count looks to be invalidated (for now?). The downtrend line has been broken but not re-tested as support. I believe a close above the higher fibonacci level (around 8620) is going to be required as another rejection may send us back down. A 4hour and higher candle close would be ideal.