8 Sep 2021 ● 03:49 AM
Bitcoin failed to continue in wave 3. What does it mean? The move up ended with only a 3 wave advance and that fits the possibility that we are forming an expanded flat in wave 2. This is a scenario in which wave b ends at near 138.2% of wave a, which is the case here. Wave c then is 161.8% of wave a and goes down. That is also done in one day and we are near the wave iv region of the previous advance. In other words near 43886, the dip in wave 2 may already be over. Wave c can extend some times but this was the minimum requirement and it is done. So wave 3 can start from here itself.