We have adjusted both the BTC & Stock counts to reflect a delay in the economic crisis. The Summer Simmer is giving stocks enough of a breathing room to rally and for the flight to safety of Bitcoin to be less appealing. Bitcoin failed to hold its lower trendline and is breaking down. We predict this might be part of a larger ABC decline move and have included an alternative count. As for stocks they will probably continue to rally into the end of August with a larger decline down setting up for mid-September.
Possible Alternative Count to keep an eye on… BTC is just not trading in a bullish manner right now
ETH could not hold above 55 EMA and thus confirms a possible BTC break lower
