after an impulsive move up, BTC is currently on a correction, 3 wave correction is possibly finished, and now attempting to correct to the upside, for me it is a subject for flat or a longer complex correction, still not a of a bullrun for me, I still would like to see it comeback to the price gaps below, then move up to continue the impulse move.
This is my count for INJ/USDT, currently correcting for wave 4. usually after a strong bullish move wave 4 is a shallow correction especially if consider the rules of alternation because wave 2 made a deep correction, I am expecting wave 4 to correct between .236 of fib or .382. there's still a wave 5 I am expecting. (i don't trade wave 4's personally, one of...
currently, CHZ is still in a prolonged correction and is still missing a wave to complete it's correction. one more drop IMO. overall all count is still bullish, still a strong uptrend based on HTF. wave 1,2 and 3 is already complete IMO.
so far the price action is being contained inside the parallel channel, it needs to stay there otherwise it will need a recount. for me the asset is still in the process of correction and it's possible that we are still missing a wave X and Wave Y. only if it breaks the channel to the upside will I say it's bullish we can probably see a bigger rally up.
In my opinion if ever BTC goes down these next few days it still has another move to the upside to complete a macro 5 waves patter, before we see a big correction for the macro wave 2. Ps this is IF BTC doesn't break it's current resistance.
overall, my bias is still bullish, currently the asset is still on a correction, which is expected after a big rally.