Yesterday I posted:
We were expecting some more downside, but some type of correction coming up, so we could define the structure better.
Since then bitcoin broke lower towards the $5900 level but retraced to $6100 levels. On the lower time frame it looks like a corrective structure (other coins also look corrective). I also added a possible alternate count. We have seen some quite fast moves, but every move had regular interruptions, and no move seems a lot more aggressive than the others. So it could be that the worst is still to come. The worst is that we're about to enter a wave 3 of a wave 3 of a wave 3 of a wave 3 and so on. This part of the wave is most likely the most brutal. Stay safe!
