Friends, I hope your having a wonderful Tuesday. I have been slammed with work obligations, but I wanted to give an update since I know people would like to know what is going on with our recent correction. As we have been discussing for weeks, $BTC has been moving up into its Fifth wave. That wave is comprised of smaller sub waves. If the current set up holds, what we have just observed is the 4th sub wave correction. While I am leaving the target open to drop to as low as the mid $57K area, there is nothing to suggest that our low this morning is not the bottom of this count. Furthermore, We are getting quite oversold on the daily oscillators. It is my belief that $BTC still has another push higher, and that push should coincide with a LARGE move in $Alts. That is all for now. :)
JT