Nearing the end of a the zig-zag correction wave, with wave A = wave C in length. To have alternating character of wave C, a 3-3-5, I expect an extension on the impulsive 5th wave down. This could extend to 1.618 of wave A, which would be bad for the direction of the market overall. B/c crypto is so closely tied to equities, it will be informative to watch how the SPX relates to it's diagonal support as the markets open.
The 0.886 reversal point for the bat pattern shown also coincides with the expected end of the zig-zag.
The 0.886 reversal point for the bat pattern shown also coincides with the expected end of the zig-zag.