As usual, at the peak of activity, I recommended selling most of the impulse purchased at the beginning and I almost left the market at that time. Reason: I don’t feel like shorting, because they can be punished, and long is too late.
I'm posting my updated markup. According to my vision, we have two options for the development of events:
option 1: we break through the last high and fly to adjust the movement
option 2: we are flying to adjust the movement already from the current
Both have the right to life and my trading strategy does not recommend meddling in such cases into the market. Much more interesting is what awaits us in the future for the next few months.
We are witnessing the beginning of a new wave cycle, in the worst case (for the crypto world), this is a correction of movement to 20k (ABC and we saw wave A), at best - the first impulse of a new five-wave formation.
