Early spike to 19000s level would be a large 1st wave, retracement to 3870 where Institutions took up Bitcoin seriously was re-tested and confirmed. This is where I think this current set of a larger 3rd wave started. I am only drawing the small waves within this current trend, which is a 4th wave correction that can initially test 27000 and then we have to see more structure to figure out all the extentions.