RED ALERT!

It looks like the small pump after the approval of 11 Bitcoin spot ETFs by the SEC yesterday, ended an ending diagonal pattern.

If correct, a very sharp correction has just started. It could easily hit 40k or even 35k again if the impulse sequence is in fact completed.

https://files.peakd.com/file/peakd-hive/ew-and-patterns/23zbDA4ZPgmdZVHekg4dUhtC4fjuk48kC68icAa3HoUJ4VYGz6XEPUsPtkp4VjZBqskdW.png

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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