Could be in the middle of an ABC correction. Also this one could just take off and not come back. Given the time it took for the 5 wave impulse to complete the probability favors short term boom them bust, then new cycle to start up.
Strat made a nice 3 wave bounce on the weekly scale. People think this is going to go on a tear without bitcoin bottoming out is funny to me. The wave pattern looks pretty clear to me. You might see a small 5 to 10% increase within the next few weeks but I expect to see another drop soon.
This is looking more like a corrective ABC move where we have the B wave getting very close to being finished. Once done we could expect an impulse up very fast and then a continuation to the downside.
We see a nice impulse here and then deep retrace. The wave correction pattern appears to show a drop coming soon. Could see lend around the .003 cent area. That could be a great time to start accumulating.