Descending to the 107k-106k area does not invalidate the structure but rather confirms the current correction structure that is nearing its end. There are still a few more medium upward waves before finishing (corrections still exist).

Later, we still need to confirm whether this wave 4 correction is truly complete or if there will be additional corrections. If validated, the arrival of wave five in a smaller timeframe (in other words; subwave 5 in wave three or in wave analysis terminology this is wave 5 in the fifth subwave of the larger wave three) will resemble what is shown in this photo.
Because in this photo, it is likely the wave three of wave 5 medium in wave 3 large (possibly not finished as it is divided into 1,2,3,4,5, and the duration occurs for more than a month since 74.6k.

Thus, the small wave five may not be as strong & long as that wave three. But it is also divided into 1,2,3,4,5
1 initial rise
2 correction within
3 strong & long rise
4 shallow correction
5 remaining rise.

The good news is that usually after the wave 3 peak, investors shift to altcoins during this session.

Although it will not be as strong & long as wave 3 or the rise from 74.6k-111,980, which is divided into 5 within [1,2,3,4,5], because usually wave 5 is the remainder of the rise to close the upward impulse structure before we enter a major correction.

Do not be quick to sell cheap at the beginning because the peak is usually at the 3rd/5th.

See you next time.

#WhaleJamesWynnWatch