After today’s closure, I am almost sure that the top was made on April 14.

Between the purple and the green paths that I indicated yesterday (chart below), BTC seems to be leaning towards the green with a great precision. I view that the coin would bounce for a day or two between 58000 and 51500.
Once it completes wave c of B (projected in green rectangle), expect wave C with the preliminary targets 48000-43000.

Quite possibly, this would be just the first wave (A) of a much bigger and longer corrective action. The next weekly candle would be very important for this part of forecast.

Yesterday’s Candles Speak:

%d bloggers like this: