SUMMARY
Overnight Bitcoin (BTC) had some good price action! The below chart had been posted in yesterday's morning update and price decided on this pathway rather than the abcde triangle. No matter, the destination is the same as now the ABC correction has started.
Price did poke through the upper white trend line as projected and that completed wave 5. Price then promptly went back under the trend line and started putting in a quick wave A of an ABC correction. This will likely go towards the region of prior wave 4 which could be $10,178 or so.
I had discussed how it would be unlikely for brown wave i to be the wave to fully breach the upper trend line. BTC now needs to regroup into wave 2 and get ready to launch wave iii of 3. It would be most ideal for wave iii of a 3 to make the breach as it would represent the big guns given it has the most vigor and strength. Fireworks can be expected IF wave iii of 3 starts its work.
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