Elliott Wave Ending Diagonal for a C wave to complete this correction to around $5700 area. Notice the positive divergence on the Awesome Osc and %R Williams? The inverse was occurring at the top from $17K-19K....then we lost 50% in 6 days. There still could be a month or two for this to complete. They always take longer than expected. I've said this in other BTC posts but, look at the BTCUSDSHORTS, they are nearing an all-time extreme.
This is definitely not the beginning of a downtrend.
This is definitely not the beginning of a downtrend.