In my opinion currently we are the wave 2. Wave 2 has always the sharp correction as this market proved itself that it shows characteristics like the wave 2. we have sub waves 1 to 5 within the large wave 1 that confirms the large wave 1 too. Wave 2 shows a nice A B C formation, we are the C of ABC the final wave of the correction. Wave 2 -Second waves tend to retrace so much of Wave 1 that most of the profits gained are eroded. They tend to end on low volume and low volatility. In a bear market, this indicates a drying up of selling pressure. However, during Wave 2 most investors are convinced that the bear market is here to stay but soon will see a wave 3 coming up. Please feel free to share your opinions as well. So the summary is my overall target for BTC is 30,000USD at-least.
Micky!
Micky!