Now we have a 5 waves down and three waves up that reached almost 50% of move down and violet a=c. It's a good opportunity for short trade. Just set SL to today's high. If today price will not breat 3900, then i will be expecting more sideway moves, and price can reach 4270. If price will go higher without testing 4000 area, btc will fly to the new all time high...
While price is staying inside yellow channel wave blue 3 is continuig, it may extend up to 3800 or stop near current level.
This wave count need confirmations like impulsive break below 3400 and extended 3rd wave.
If this move down will stop between 3800-4000. It will be my preferred count.
today is a very sad day. It will be "The day when cryptocurrency depression begins" ((((((
Today's growth looks like a retest of a broken trendline and MA100. I'm expecting more down. There are 3 diffrent fibs pointing at 0.05. Seems it will be a good buy area.
So crazy market these days! It will be very funny if something like this happens. It's not my recomendation, it's just a fantasy "what can happens next that nobody expects"
Stratis failed to break downtrend line on log scale. So I am expecting further decline. Buy zone is 0.00068-0.00055. There are several fibs and weekly high at 0.00064. But if it closes weekly above trendline, we will see a growth.