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     6 years ago (edited) 

    Also be aware that there are still a few bearish scenarios left, even if this rally takes us to 13k in the short term. We need to see a clear wave 2 correction (best case would be 50 or 62%) in the coming months, or BTC will likely drop below 5700.

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     6 years ago  

    is that 50/62% trace of (if) this current primary wave 1?

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       6 years ago  

      Yes. Because if it is not primary wave 1, it is still part of a much bigger correction.