I wasn’t satisfied with the 38% correction and here is a bearish scenario for bitcoin to complete a double three correction. The four last waves could be 1234 of a 5-wave move as sub-wave 1 of wave 3. A higher-high would signal a bullish scenario and lower-low signals the bearish scenario, simple as that. For the bearish scenario all three targets 0.38, 0.5, and 0.61 are equally likely right now and there is no significant accumulation of the fib levels around any of them. Fundamentally, BTC needs a bigger correction and reaching ATH this early is premature I guess. Breaking ATH in the last wave (2014-2018) resulted in a huge bullish move which is healthier if it happens in wave 3 or 5. Let me know what you think?!
