Quick update today guys, as we are pretty much doing what I have talked about in the previous posts, so I don't want to bore you with technical analysis that's not needed.
So we're heading down to complete our final C wave in our downtrend, before starting impulse wave 1 up :) Everything looks great in terms of backing up my prediction, so I'm just gonna let this play out. We should head for that support lines that angle up and down respectively (I have drawn both in as it gives me a view of different scenarios. I can see a falling wedge and a symetrical triangle, which can help me map out what I think is going to happen).
If everything goes to plans, I'm thinking we'll hit one of two things:
Double bottom around $9.5k and then initiate our uptrend.
We retrace a little further, surpassing the previous low in this trend and hitting a 'bottom' of around $9250.
So in conclusion, we're still just being patient, waiting for BTC to finish up. Not long left until we see the start of the first uptrend of 2018!
Hope you enjoyed guys. Please upvote and share if you like my analysis :)
Peace.
- B