Are we on a correction?

23 mar 2018

Here is what bitcoin likes to do these days. It wants to NOT follow the analysis results of the majority of traders and analysts.
I thought the bullish waves would be more impulsive to reach around at least $9,300. Instead it is being corrected heavily.
It is currently forming a downtrend channel. If these are corrective waves, not impulsive waves, this wave counts would make a perfect sense. If it goes above $8,540, this count would be invalidated.

23 mar 2018

Nota

It did go over $8,540 right after I posted this. I think the correction is done now.
Here it is!

23 mar 2018

Nota