BTC, near term perspective


BTCUSD: my near term target is 24450 - 24952 region, outlined on the Option 2 and the Option 3 Linear charts. 

The aforementioned Options 2 and 3 counts are projected on linear scale and suggest quite different scenarios after a bounce; 23680 - 21665 area in the inflection point where a bounce is expected to start.

Overall, decline potential remains there and I anticipate extension to at least 23680 region prior to a bounce. 

The Option 1 Log count at the verge of invalidation; below 24762 I will take it off the charts.

BTCUSD - Option 3 Micro Linear - Sep-04 0841 AM (4 hour)
BTCUSD - Option 3 Micro Linear - Sep-04 0841 AM (4 hour)
BTCUSD - Option 1 Micro Log - Sep-04 0841 AM (4 hour)
BTCUSD - Option 1 Micro Log - Sep-04 0841 AM (4 hour)
BTCUSD - Option 2 Micro Linear - Sep-04 0841 AM (4 hour)
BTCUSD - Option 2 Micro Linear - Sep-04 0841 AM (4 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.


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