SUMMARY
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I'm getting excited about the Bitcoin (BTC) price action. The below chart shows that the correction could be complete. The blue ABC labels were quite close to my original call. Price did extend to 0.618 Fib level and extended a bit more by a price wick below it. The subwaves of blue C show that five waves are in and placed and complete. What do we need to see next?
The confirmation of the bottom of this minor correction needs to be an impulse up in fives (white). I believe this process has onset since white wave 1 is already well underway.
Now here is the longer term chart. It's a fractal of the shorter term or vice versa. Do you see it? This longer term chart ALSO has a five wave up and has been correcting in a downward wedge pattern; very similar to the shorter term chart shown earlier. Note that purple wave 1 is complete and if the correction for purple wave 2 is correct; then purple wave 3 is next...this is why I'm a bit excited. I believe once the purple impulse completes, another attempt to overtake $10k level will be made.
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