since BTC hit fib 0.786, do you really think the correction is over? What are the indicators to assume this is the case? I see some sort of symmetrical triangle for BTC (daily chart, starting February 6th), or worse, a right descending triangle forming. What do you think?
It can't be wave 1 and 2, if we see a new low below 6400. But it does not look like thats gonna happen.
It sucks but wave 2 can go down 99.9% of wave 1 and still be valid. Actually I already expected this deep correction a month ago.
This wave 2 looks corrective and is taking lots of time, so we should be fine. I think it is over very soon. Tuesday is my guess.
Thank you for the answer.