Just an update on my overall view of where we are heading: There's a bear pennant forming right now. This means more downward movement is imminent. It also looks like it could be wave 1 of the last impulse wave down, forming the C sub-wave that completes the bigger E-wave down of the Cycle-wave 4 correction that started December. Again, if (only if) this count is correct, it would signal the end of the $BTC correction.
הערה:
We are trending up in a channel, looking how far wave (ii) can go before we need to invalidate it. It looks like there is a ABC wave inside (ii) making a 5-3-5 structure. The 1:1 extension of this a to c wave looks a bit too long, so I'd think it might target a 0.786 fib extension of wave a, which pits it nicely at also a 0.786 fib retracement of (i) and touching the green trend-line which is a weak but still possible resistance to bounce off of.
הערה:
Are the subwaves of the ABC subwaves of a bigger ABCDE also possibly just ABC corrective waves? Can't find much info about it. Someone knowledgeable of EW theory can tell if the following modified count is still valid?
Let's see how this develops.