No it's not Elon's fault.
We had an ending diagonal in wave 5. This is always followed by strong momentum in the opposite direction.
The problem now is, that we are fast approaching a 50% correction at 34,5k (32,4k if you use 0 as reference point).
If this line will be breached, there is statistically only a 10% chance that we are in a wave 4 correction. That means two things:
It means that the count will get a lot more bullish in the long run, but could drop down to 30-18k in the short term (as wave 2 correction)...
The sentiment is already really scared, so we might not have to drop much lower. But in a wave 2 we certainly could drop much lower... (see reversal zone)
If you don't prove to have diamond hands now for a few weeks, you will get nuked by fear. Don't sell the bottom, because we might be close to the bottom.
Feel free to use and share my charts, but please mention me, 
Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...
Have a nice day :-)
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