- Currently flirting with the support at 0.78. - Soon we'll go through the critical green circle. - The triangle could also turn into a bearish Cypher Pattern falling through next support and uptrend main support line. Especially, if BTC falls to 5-6k range. Then, be prepared to downfall to 0.38 - 0.42 range. Thanks as always for the reviews, comments,...
- Completing wave C - Support should hold at 125 as lowest reversal point (?) Depends on BTC...
Possible reversal at 1.1, 0.85, or 0.6.
Short-term dip and reversal somewhere between 0.8 and 0.6
Used fib extension to identify next steps on the wave (fib 1.27). And as always, keep an eye on the Queen (or king?) BTC!
Wave C needs more time. Bad for HODLers, still good for traders.