Thank you for the update, xxxx123abcxxxx!

Your bull scenario is very much in line with my analysis. I think we have one more leg down to go in the short term before bulls get a reprieve and we get a sizeable bounce. The $12K area looks right if we stab below $9K first.

I'm keeping my eyes peeled for a complex/sideways WXY to develop rather than a typical flat; Bitcoin often likes to shoot it's wad on the initial crash from the top then meander sideways before continuing up.


I'd be amazed if that was a primary fifth wave already, but I can't say it's impossible!

Thanks again for sharing.