Well, I was not expecting this 5th wave to extend all the way to 8k, however there was a liquidity pool by the looks of it - 11,000 BTC worth of shorts were closed at that level.
Regardless, my outlook has not changed - only slightly prolonged. I'm expecting a big move on the 25th of May, and very likely it will be to the downside.
FOMO is picking up, and the masses don't see an end to this rally.
The alternative to this ABC, is that we just finished wave 3 / 5, will have a correction to $5,400 and go on to make a double top at 8k, or even surpass on to 10k.
Just putting this alternative out there, however I'm still in favor of the ABC with a target of $2,500 - $2,800
-Hawk
Regardless, my outlook has not changed - only slightly prolonged. I'm expecting a big move on the 25th of May, and very likely it will be to the downside.
FOMO is picking up, and the masses don't see an end to this rally.
The alternative to this ABC, is that we just finished wave 3 / 5, will have a correction to $5,400 and go on to make a double top at 8k, or even surpass on to 10k.
Just putting this alternative out there, however I'm still in favor of the ABC with a target of $2,500 - $2,800
-Hawk