We should see one more down to complete the pattern
Although in crypto, anything is possible. See how nicely the April run copies the current pattern, if you eliminate the highest peek. We may have had a failed 5 (like in feb). Always the RSI had massive bearish divergence off the peak of the swing (long term movements, so look at the highs in December, March, May and now only...
We will have to bounce off the 6K support or we will have established the price range for BTC for now being below 6K. Interesting times.
Of course, the scenario that we bounce up to form an aggressive wave 3 are still valid too. Nobody knows. Seems more unlikely but it is definitely possible. I would protect myself with stop losses and if looking for an entry, wait for CLEAR confirmation. Preferably a weekly higher high.
Good luck.
We will have to bounce off the 6K support or we will have established the price range for BTC for now being below 6K. Interesting times.
Of course, the scenario that we bounce up to form an aggressive wave 3 are still valid too. Nobody knows. Seems more unlikely but it is definitely possible. I would protect myself with stop losses and if looking for an entry, wait for CLEAR confirmation. Preferably a weekly higher high.
Good luck.
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