To me this drop marked the end of ABC correction for 2014 .
We still need to break the big resistance (big blue line in my chart if you zoom out) to be able to tell whether or not market has ended.
Pretty clear impulse waves are defined. Feel free to contest and argue about my count, i'm very young to EW analysis.
There is a reason why we had so much FOMO on Sunday. People didn't see that $200 was cheap weeks ago so they FOMO bought the more expensive (and overbought) BTC got. Those same people are now selling into any tiny uptrend.
Bear market isn't officially over but several elements are leading me to think we won't see $200- again.
First : bottoming, volume which was the 2nd most impressive ever (1st being Nov '13 ATH drop), and its rebound.
Also, with ABC correction being over we have seen clearly not corrective waves happening.
I'm not sure about my wave 4 (abc) cause 'a' may be placed instead of yellow 4, allowing the correction 'c' to end in the 200-230 range.
I guess it's always good habit to watch contrary ideas, so I'll keep an eye on your charts too ^^