Details:
Considering big correction started in 2017 I used to have problem to connect candle tops/bottoms the way to build perfect ABCDE triangle which is what most of you do. I always thought there is something wrong with it and yesterday I found pretty similar fractal reviewing DXY chart. To me it looks like we may be during ABC correction which later may but does not have to turn into ABCDE triangle. The conclusion is simple, if this prediction is correct we are starting big dump.
Long story short:
We may be during ABC correction and now impulse wave C is being built which means we are starting another big dump.
What is on charts:
The upper chart shows macro view of BTC correction from 2017 till now.
The bottom chart shows DXY correction in micro scale spotted yesterday which looks very similar to the BTC correction from above
Considering big correction started in 2017 I used to have problem to connect candle tops/bottoms the way to build perfect ABCDE triangle which is what most of you do. I always thought there is something wrong with it and yesterday I found pretty similar fractal reviewing DXY chart. To me it looks like we may be during ABC correction which later may but does not have to turn into ABCDE triangle. The conclusion is simple, if this prediction is correct we are starting big dump.
Long story short:
We may be during ABC correction and now impulse wave C is being built which means we are starting another big dump.
What is on charts:
The upper chart shows macro view of BTC correction from 2017 till now.
The bottom chart shows DXY correction in micro scale spotted yesterday which looks very similar to the BTC correction from above