@Haejin ‘s prediction could be accurate but here is my TA on what I predict will happen.
I believe we are still in Wave B of our correction.
Here are the sub waves for the correction, it appears to be a flat (3,3,5) correction.
This makes more sense to me considering the correction happened very fast and this seems to be more logical when it comes to reaching the $8k mark.
Here is my slightly different approach, with the same outcome. @haejin shows falling wedge, but IMO it may be big and lenghty bull flag - in one of older prediction made by haejin, bull flag was considered. I wonder if something I can't see ruled it out.
I also highlighted, mostly as curiosity, uncanny similarity between wave A+half of B and C+half of D. Check it out, it's so similar.
Yes this is exactly what I saw too. They almost looks exactly the same.
The likelihood of a sideways wxyxz complex triple is not off the table.
Thank you for the reply @haejin it is much appreciated. I enjoy reading all your posts, they help very much!
And here is where we can get, if we keep going with this direction. Below the long and fat trend line. Price axis is switched to logarithmic.
