1. We still need a wave 5 to complete the correction.
2. BTC is going to retest the 6k low and hopefully form a there.
3. Breakout the and return to bull market.
So I'm short-term and long-term . Good things are happening in the near future:
1. The SEC hearing this week is super .
2. Robinhood app is about to open btc market this month.
3. Transaction fees and unconfirmed transactions are gettting lower and lower. And Lightning Network is coming out this year.
1. btc went from 19891 to 10700 (-85%) to 17252 (+61%). +61% is too much for a wave 2. The price is too volatile during this period to form any trend.
2. The downtrend is much clearer if we start with the 17252 high. The price has been bouncing perfectly in the falling wedge (clear lower highs and lower lows).