Hello, everyone!
I told you in this analysis that you should not panic if you see this dump to $54000 – $57000. Moreover, here I spotted the target price and time for corrective Wave 4 end.
If you look at the chart, now the price is inside the target zone. The global Wave 4 is introduced as the incorrect A-B-C correction. Wave A consists of 3 waves (a-b-c), Wave B – the same. Wave C has the 5 Wave structure (1-2-3-4-5). Now the Wave 5 is forming, we can see it because Wave 3 ended with the maximum value at Awesome Oscillator. The price will probably find the bottom at $54000 and after that we will see the global Wave 5 with the final target at least at $75000. Just wait and be patient!
This bullish scenario will be invalidated if the price fall below the $53000 (global Wave 1 top).