I think we are forming a flag pattern and that we are in an ABC correction.
Once completed we will work our way down to the 300 Weekly MA that I'm expecting to come in at $2500 in May.
Appreciate any feedback, thanks!
PS Check out Murad Mahmudov on twitter for further explanation of the 300W MA @MustStopMurad
Blue Fib timeline creates resistance where we swing down.
Dotted green vertical lines are half way between our main blue fib lines and indicate a swing up.
This pattern has been spot on since the bear market began, if this pattern continues we will see a downturn on the 26th August till the 21st November when I will be looking to buy again at the 5k range though...