With more price movement we get a clearer view. We already corrected to 8600 once which was Wave A. A pennant is Forming and this is shown by EW count of ABCDE Wave 2 Correction.
This does not mean our previous call was wrong but correction are always unclear the first half. This is the importance of patience so you can see how the price is developing first before acting. Now that we know it's a triangle formation correction we can stop expected another leg down to 8600 and enter accordingly.
This is very bullish for BTC. Entry point Is 9000-9150 And WAVE 3 Target is 11,100 - 11,700.
Stop loss at 8800 and rebuy at 8300-8600 area.
