Hello, everyone!
I am still holding my local short which now is in small profit and has the stop loss at the entry. I am trying to catch the last wave 5 inside wave 1 higher degree.
Let's take a look at the chart. I told you earlier that the target for the current dump is $26000-$26300๐ด. After that I expect any sort of bounce. This bounce in my opinion is gonna be the wave 2 of the global bearish wave. It has the target approximately at $29k, which is 0.61 Fibonacci retracement. Of cource this target now is undefined because wave 1 has not been ended.
After that I expect the rapid dump in May - historically the worst month for all risky assets. Target for the most impulsive wave 3 is even $21k๐จ. 1.61 Fibonacci extension perfectly corresponds to this number.
Best regards, Ivan
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