Looks like we have a perfect 5 wave pattern happen after what seemed to be a crash that lasted forever relative to previous corrections. There was also a perfect fib retracement back with an ABC correction pattern. So far we have started the first sub wave belonging to a 3rd wave count which is usually the strongest. Its time to load the boat if you haven't already. This little pull back was nothing more than an attempt by the market movers to take out stops on longs that I am sure were starting to annoy those that stand to benefit from derivative losses. But this is why we must stay on our toes never getting too comfortable with the price action.
All that being said, I don't expect BTC or the crypto market to get any slack from the authorities with the among of geopolitical turmoil that has been going on lately causing legacy markets to inch lower and lower as the weeks go by. This money I believe wills tart hitting the crypto market when the masses finally start figuring out that which Deutche Bank senior analysis have been saying on Fox News over the week end(Currency Devaluation and unpredictable markets). Also everyone needs to be aware that big players habe entered the market which will cause an inevitable shift in price action and its behavior moving forward. Expect a lot of Bull and Bear traps moving forward as well as concentrated dumps during low volume trading hours. Crypto is a whole other animal than it was last year.
Good Luck and God Speed Gents
Mr. Manbearpig
All that being said, I don't expect BTC or the crypto market to get any slack from the authorities with the among of geopolitical turmoil that has been going on lately causing legacy markets to inch lower and lower as the weeks go by. This money I believe wills tart hitting the crypto market when the masses finally start figuring out that which Deutche Bank senior analysis have been saying on Fox News over the week end(Currency Devaluation and unpredictable markets). Also everyone needs to be aware that big players habe entered the market which will cause an inevitable shift in price action and its behavior moving forward. Expect a lot of Bull and Bear traps moving forward as well as concentrated dumps during low volume trading hours. Crypto is a whole other animal than it was last year.
Good Luck and God Speed Gents
Mr. Manbearpig