BTCWe have a lot going on here, but my analysis & bias remains bullish , after 5 waves down are now complete I would think ABC bearish correction up to the 618 fib retracement level around $58k is likely. From there I can see if BTC rejects and continues a downward trajectory in another 5 down impulse move. Or is there larger ABC bullish correction at play here.
The 5 down on the daily could be Wave A & if we get 3 waves up the 618 % fib retracement that would be wave B and then I'd expect 5 down impulsive to finish wave C in a common zig zag correction which are 5,3,5 patterns & take quick impulsive moves to end the correction.
If we put in 5 up here and break above 618 fib lvl then I'd say ABC correction is actually complete making Wave C the recent crash to $42k.
I keep my bias that we get $100k plus BTC into 2022.
