**BTC Market Update May 13**
Huge sell off happened today for the whole crypto market!
-23% BTC Already - Is this the May correction we are waiting for? Happened unexpectedly
*What Happened?:*
- Failed Elliott Wave 3 and 4 (Unable to breakout and got massively rejected!)
*What to Expect?*
-Formed a downward channel
-Rally To (B)
FAILURE TO BREAK WILL LEAD TO (C) CORRECTION
(C) Will be Major Support! 42k Adjusted = breakdown here will be end game for the bull run - highly doubt it!
From there, i expect elliott wave 1 through 5 to happen with a sign of strength (SOS) breakout of the downward channel! 65k target initially.
*Another scenario:*
Break (B) to the upside will spark a instant rally and retest 65k!
Huge sell off happened today for the whole crypto market!
-23% BTC Already - Is this the May correction we are waiting for? Happened unexpectedly
*What Happened?:*
- Failed Elliott Wave 3 and 4 (Unable to breakout and got massively rejected!)
*What to Expect?*
-Formed a downward channel
-Rally To (B)
FAILURE TO BREAK WILL LEAD TO (C) CORRECTION
(C) Will be Major Support! 42k Adjusted = breakdown here will be end game for the bull run - highly doubt it!
From there, i expect elliott wave 1 through 5 to happen with a sign of strength (SOS) breakout of the downward channel! 65k target initially.
*Another scenario:*
Break (B) to the upside will spark a instant rally and retest 65k!