I am very interested to hear what masterluc says next. I doesn't seem like the markets psychology can turn bullish again after this level of beating so soon. This could very well be another 2014/15
https://vk.com/wall-130254204_8317https://ru.tradingview.com/chart/BTCUSD/hg0S8xjw-historical-3-looks-to-be-completed/According to google translate he thinks we are witnessing something similar to the correction of April 2013. Short term a rebound to 13-15k.
Once current correction will end next wave will bring us to 100k. Unfortunately google translate and my comprehension is not helping with determining the timing of this movement.
Excellent, thanks for catching this post. That's been my thinking as well....that we are in a correction similar to April 2013. If that fractal plays out, it means that the lows are probably already in with the Daily 200MA tag. But it would also mean the correction isn't over. If that's the case, I'd expect a bounce to the .618 or so before bleeding back down. Glad to see the master agrees!
Timing-wise, things are taking much longer than in 2013. To give some perspective: From top to bottom in April 2013 ($260 to $45), it took 3 days. By comparison, this leg down took 6 weeks.