we got a CME GAP at 28K and 35K, the pattern is not clean but it could push BTC to the neckline B closing the gap. it will hit the 0.618 FIB level and probably will start a new leg down, my overall medium term idea on BTC is strong bearish.
After completed the 5th wave (extended) an ABC correction could push BTC to 27k ish
Hi all! Long term analysis shows a short/medium ABC correction supported by CRAB pattern considering that CME topped as well on the upper part of parallel channel. - The CRAB values are bit overextended but it could play out. Elliott waves are supported by Fibonacci extension/retracement, the 5th Wave ended in the Diagonal and the ABC correction does not...