My other TA is showing BTC overshot my target area by just a bit, another sign we need a short term reverasal. might go back to the blue support line, sounds logical but we will have to see.
you might say your leg count is on a 5 isnt this the end of this total wave structure up. Yes true but if you followed me a longer time you probably know i have many wave counts going to 7 legs on btc before a larger reversal is due.
Next target area after correction is in the charts, after that who know. TA says a larger reversal, but im not that sure yet, so many new people registeing daily accross exchanges, maybe the correction isnt gonna bee as big as i originally thought it would be. still $10k would be a reasonble correction imo , but we will see about that later.
Ah while writing this post i notice BTC startd going down and the 8 hourly doesnt have a 12 count anymore, we are still on for a hourly 9 in the next candle though.
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