No change to the short- and mid-term forecasts after today’s closure. As predicted, BTC bounces between 58000 and 51500, following the green path on the hourly chart below.
From Apr 18 Candles Speak: “I view that the coin would bounce for a day or two between 58000 and 51500. “
Once wave B is complete (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: