On our Bullish Bitcoin count we could be seeing yesterdays 7300s low as the end of the ABC correction. Based on the buying volume and the lack of sellers showing up in this market, we will favor the Bitcoin Bullish chart as the Primary count. If we are going to see lower lows then we should suspect this is simply a major Wave 4 correction. It is too early to call the bottom to be in with any conviction but we remain optimistic that more buyers could step in after seeing a huge bounce off the lows.
News:
Bitcoin Soars $1000 Off the Lows After G-20 Reject Crackdown:
This is the Bullish Count that will be the Primary Count
This could be a very persuasive count to define the low for Ethereum
