BTC has pulled back into the previous wave 2 correction which now acts as a support zone.
We can now make two hypothesis with very high probability:
a) If BTC breaks 35k, it will likely crash to at least 25k.
b) If this yellow wave 2 correction ends inside the support zone, we will see a HUGE pump soon. (yellow wave 3 can easily reach 60k)
Stay tuned for my next update of this chart!
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Thanks for your analysis. I sure would prefer the Pump over any crash. :P I am hoping all crypto recover and rise back up at least by 6/1/22.