Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
