Just so that you are aware: despite us going up and this could be the impulse wave up, there is a more bearish (short term) count that might be better for BTC in the medium to long term. That count puts us in a WXY where we are now in the last ABC (AB). That will take us to my favourite 7.8 but could also go to 7.3/7.4.
If we go below 7.911 we probably will go to 7.3 or so. Keep an eye on it.
If we go over 8.450 we probably will go up straight away.
This is not the same as 'we can go up, we can go down'. This is what to look out for and how to recognise it. Use it or don't; I'm ok either way. Your trades are your own and this is not advice anyways. :-)
EDIT: Slightly different numbers, but this guy explains it better that I can:
