Schrodinger's Cat

For the whole weekend, BTC was its own Schrodinger's Cat - both "alive" and "dead" at the same time: in this case both in 2 legitimate Elliot Wave counts at the same time, the sky blue one and the dark blue one.

1. Light Blue: we are on Subwave 3 of Wave 3 going up
2. Dark Blue: we are on Subwave C of Wave 2 going down.

I counted subwaves of subwaves - and there are legitimate counts for both paths up to this point.

One thing I've been paying attention to is the 30min RSI. Since $7200, impulse waves going up have 30min RSI that are noticeably biased above 50%.

However going up from the $8317 point, the 30min RSI has been noticeably below 50% - clearly looking like a bearish RSI. The light blue path is supposed to be the start of sub-wave 3 of wave 3 - it should have a bullish looking RSI but it doesn't.

Confirmation of the paths will happen:
1. If the price goes above $8650, then the dark blue path is invalidated
2. If the price goes below $8250 then the light blue path is invalidated.

Although the sound of going down to $8000 or lower sounds really bearish, both paths have Wave 4 ending above $9150 (the end of Wave 1), so the dark blue path is just taking longer to go up - and gives you more time to fill your bags.