Looks like the B wave correction is fitting nicely into a pitchfork. Looking for a C wave down from here.
Comentário:
Price continues to trend down the upper edge of the pitchfork. Time will tell. The range for a bottom is pretty wide and depends heavily on macro conditions. If 16k is retested and lost indicating this is not the impulse of a wave 1 and in fact the B wave I favor - 9-10k all the way down to taking the liquidity from the 2019 bear market is in play. No crystal ball here, but patiently waiting for the markets to show us what's next.
Comentário:
The pitchfork is invalidated, looks like the correction has ended in a flat, and preparing for the next leg down. I'm bearish until 2024.