Next two weeks we could see retest on half of this month candle - around 20k USD region.
Watch for price action in that region - there could be big fight there. Lot of manipulation, fear etc. Watch for multiple confirmations.
It is still not clear if we are gonna see motive wave down 1-2-3-4-5 and we are just in the complex 3-4 correction or this move down is just huge A-B-C correction and we are already in Wave 1 of next bull run.
I am voting for A-B-C correction since motive wave down 1-2-3-4-5 usually means start of huge bear market. Motive waves always change the main trend when they appear.
i like your wave down nr 5 , let's see if it happens , most of people here are already bullish , but i'm not convinced if not a bull trap , and further corrections are to come sooner or later
iv41879
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@elenaec, I hope wave nr 5 will be truncated to indicate bullish reversal or maybe it will not even be wave nr 5 after we see price action on 20k region. Anyway, motive waves down (1-2-3-4-5) usually indicate long term bear market so this is now really important moment to check for price actions.
delltor66
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The wave count is wrong
Elefant-Schnitzel
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You always read about "exit liquidity" but this is a prime example of "Entry Liquidity"....
you are talking about "we are already in Wave 1 of next bull run " and then you are talking about """ I am voting for A-B-C correction since motive wave down 1-2-3-4-5 usually means start of huge bear market "" . So we are in the bull but you vote for a huge bear market , then maybe we are not in the bull market or if we are then maybe not getting into a huge bear market !!!????
iv41879
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@elenaec, Yes, maybe it is just big A-B-C which would be perfect. That means bottom is already in and just watch price action on 20k and bull run goes. Let's see what happens... I am waiting for confirmations.