I was originally looking for a 12345 impulse to take price up to the 3700 range.
But instead that leg up turned out to be an or a truncated 5.
However, the last leg down does NOT look like an impulse, but more like correction.
Thus my theory of a possible ABCDE, and the line up nicely for that scenario.
So this abcde could make for a wave 4, in preperpation for one more leg down in wave 5 to come.
My last short term plot:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.
First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:
Getting closer, I started to see a bigger picture of a 4 wave impulse that started with the 7400 drop:
As it bounced, 4425 came into focus as the big hurdle:
After it topped at 4425, a combined with EW waves pointed to a serious pullback:
So now zooming back out to the original large 5 wave impulse, targets are in sight again:
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