Now the 5th of the C wave is marking, This should complete the wave 2 somewhere here, and I expect a stronger rebound to the Wave 3 from here. If there is more pressure on crypto and it starts ranging being corrective lower here then it was not a 3 wave correction (wave2) but a 5 wave C wave in overall sub of the wave2, that means the larger wave 2 is extended in the larger abc expanding. Goes lower under 2 probably and shoots up for the wave 3.
I prefer the end of correction here though and buying up from here. But will have to look at a strong rebound in an impulsive way.
I prefer the end of correction here though and buying up from here. But will have to look at a strong rebound in an impulsive way.
Comment:
at the end the red played out, and there was a massive difference in the PERP price, which caused most of the liquidations. 1.09 on PERP compared to 1.7 on spot. Hopefully you were not caught on that.
