SUMMARY
QASH/USD is almost complete in putting the red b wave of the a,b,c correction. The bounce currently looks very 3 wavish. It so far doesn't look impulsive and until it does, the next Elliott Wave corrective move is expected to be the red c wave down to ideally complete the healthy correction. It's a normal course of any market to experience corrections that alow the two steps forward and one step back progression fractals.
The QASH/BTC is also showing a likely a,b,c scenario with one more lower low. The subwaves of the green c wave shown an impulse which every c wave must execute. Can it go lower than that? IF the support cluster from 13 to 11 satoshi gets pierced; yes; however, that has not been triggered. More importantly, once the correction does complete, we can expect a sizable reversal that could leave behind many panic sellers.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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