A lot going on in the chart, and could have illustrated a lot more smaller patterns, but gives a good look at our current market structure imo. I personally feel like we will grind up a bit more but we could still go considerably lower and maintain technically bullish overall market structure.
Note
tagged the channel median line and got a strong reaction. That's a bullish look imo Note
what I believe is the current wave count on SPX, which means there's a little more up to go before correction. I'd imagine it to be a shallow (.236) correction where bitcoin came back to maybe 7.8ish before another motive cycle up Note
I find it pretty interesting that if you extrapolate a measured move from the height of this diamond structure it takes us almost perfectly to last Summer's high 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.