After completing 5th impulse wave on November 2021, I believe INDEX:BTCUSD has been in the correction phase. First two parts of the correction wave is completed on April 2023. I guess the third part is going to hit around 7000$ levels on around April-May 2024.
If BTC completed the 3rd wave on April. We may see a double zig-zag correction as shown as "wxy" wave in the chart. It may be in the 3rd wave of "w" wave which may be a regular-flat correction. If it is a regular flat correction price should go down around 27K levels where SMA100 about to reach.
This week's close seems like forming a shooting-star candle. This...
