Excuse the mess, I haven't cleaned up any lines. So zooming out on the chart, BTC been following the exact same pattern crash pattern from the double top at ~11.7k on a ~40% scale of the one from ~17k. Even the expanding Elliot wave from $9k this round is included like it was from ~$11.7k the first time. If that continues, the puts us at least down to about...
I'm thinking that there is a pretty good chance that BTC is going to change directions pretty soon and head back down to the $4500-5000 range over the next couple weeks.
Cleaned up and updated with the trend as I see it. Not sure about the final high. Getting conflicting calculations. Somewhere between 10.5 and 12.5k. Hah
Updating my original thoughts to see if they play out.
Feel free to comment.
Looks like LEND is prepping for another run. Target around 16-17k with great upside potential beyond. Thoughts?
I have a feeling that we have at least one more big dip in the short term. Maybe just wishful thinking.
To me, it looks like this wave is repeating almost exactly the last two major dips with a small 10-15% dip coming soon and a corresponding rise followed by a major dip. For those projecting a bull reversal, what am I missing that makes this wave different?