I believe your wave B is actually a wave 1/2/3. We will correct for a wave 4 then resume higher for the 5th wave, completing a bigger wave 1 to the upside. The fundamentals don't justify a +75% drop from there 🤔
Eloquent
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@PowerHat, i was thinking about this recently too. i've been in clsk since around $2, and i personally can't imagine a drop back down there unless there was like a blackswan event in crypto
much more likely we see a clean gz pullback on this next dip, and we off to 100+
gmartijin
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can you make update now, when clsk is 22$? Do you really believe it will go lower than 10$? This is super bearish...
dogon566
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Minor degree wave (b) has begun. I'm targeting a possible gap fill in the area of 25 and 28 with a time horizon between Dec. 2021 and Jan. 2022.
Nigel_Stewart
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Great trading on this!
dogon566
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What is your time horizon for the minor degree (b) wave of major (2) ending and the final end date for minor (c) near $4?
Eloquent
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@dogon566, i think wave b can happen fairly quickly - as shorts are going to have to cover their positions
wave c on the other hand could take awhile to play out
dogon566
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@Eloquent, Which price level would you consider as confirmation that major (2) has ended and minor (1) of major wave (3) has begun?
The fundamentals don't justify a +75% drop from there 🤔