Another short update on my expectations in Bitcoin. BTCUSD
In the last few days we saw a solid downtrend in Bitcoin and successfully corrected 1000$ since the top of Wave B. Now my expectation is that this downtrend was Wave 1 and the volatile pump from yesterday would be Wave 2. A hard drop in Wave 3 has gotten more likely and i expect Wave 3 to start in the next few days.
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!