I've re-charted now based on how the current crisis is playing out. I previously had the bottom as in but given the current crisis that Ukraine and the world economy is facing, I can't see a route past the 46k (which is not far from being invalidated). Short is the only route I'll be taking here until 32k or lower is in again.
Wave 1 of wave 5 down has just...
The bottom is in. The most common Elliot Waves correction with A = C 100% has now happened on the 1 day / 1 week timescale. The market has now accepted this and the advanced traders will be pushing their money back into crypto with short stop losses being picked up along the way.
