And this small correction was just the prelude to the crash, all market indicators show really bad.
Like which ones?Indicators like stochastic RSI, money flow index and MACD looked bad, and the ~300$ price drop that followed confirmed my post.
But it wasn't the April 10th style of crash that I was expecting, this market is different, most sellers hold tight for now.
If several hours from now, or even tomorrow 3rd December (if volume stays low) there will start another 300$ - 400$ price drop,
then the scenario that I find most probable now, that the market has started capitulation, will be confirmed.
The total drop from 1242$ to 840$ was about 30%, while the drop at the end of a supporting sub-wave has usually been about 10%,
so that drop fits much better with the first large drop of capitulation than with another type.
Today we got the confirmation that the market is in corrective wave C (I shouldn't have written 'capitulation' for the whole wave C, I know).
It took several days longer than I expected, and right now I can't tell where exactly in wave C the market is, probably in the middle.
