Hello, community! Today it's time for $BTC update because situation has changed a little bit. If earlier we expected the dump to $24500 and then pump to $29k, now Elliott waves analysis is showing us that situation became worse.
It looks like BTC now is in wave 2 of the wave 3 higher degree. Wave 1 inside wave 3 has the clear 5 waves structure and the current sideways looks like a corrective wave 2. This wave has the target at 0.61 Fibonacci level, approximately at $27k. Next move is gonna be too impulsive. 1.61 Fibonacci extension printed the $22500 as the next target, so it's gonna be the huge short.
Best regards, Skyrex team
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