Classic HnS into inFLATION NATION Longs and call holders will get rekt
BTC historically is more bullish when the relation between BTC and DXY is negatively correlated.
Looking at the daily going way way back, this latest shakeout completes the breakout and backtest of the larger structure. Next moves are up up up
Updated wave counts after the previous corrective wave finished. We stayed in the range previously forecasted. In an ascending triangle at the .786 fib level and again at the 1.0, we are now very bullish. (thick orange/redorange) light blue is just a guess and the faint grey line is fantasy. Guessing we bounce around the fib levels before we flip and go...
Wave counts point to a 50% retracement to around $0.70. Looking for a buying opportunity