The chances of this being the start of an impulse wave are shrinking minute by minute. This move is taking tooo long. And it looks corrective.
There are several ways to count this, but the chances of seeing a final drop are increasing right now.
Maybe the correction is not done yet? I would not be surprised to see another drop, preferably with a huge bullwick.
The invalidation level for this whole bullish structure is 6426$. If this gets breached another panic selloff is likely.
One thing is for sure though. We will see a big move very soon.
I would love to see the bullmove haejin projects, but right now I have some doubts about that. If BTC wants to turn bullish, it has to show a big green candle soon... or else...
