We have formed a triangle as I had previously suspected to form in this wave 4. Estimated target of end of wave 5 is around 15k.
I suspect that this is just the A wave of a much larger correction. I originally thought that the break from the ATH was simply ABC down but we extended down much further. Mind you this is the bearish case. There are some outlooks that...
Been working with this chart for a long time now and its done me well.
22.7K Bitcoin is possible.
Been short since top of "B" before this 5 wave move down.
Currently as of posting we have just entered subwave 5 of C.
My personal target is 42700 just so I make sure to take profit there. I imagine it will goto the golden pocket though and quite wick up from 41k
After this though and preferably a bull div it will be time to long again all the way up to 72k.
Good luck friends.