
BlackJack|Aug 22, 2025 14:01
The big guy ($BTC) has been adjusting for over 8 days, down about 10%; $ETH has adjusted by 15%. If this is an ABC correction pattern, I feel like the end of wave A is either very close (maybe another 2-3% drop) or it’s already in.
Picked up some at 11.2k and 4240, let’s see if this marks the end of wave A and the start of wave B.
Catching the bottom on the left side is definitely tough—you usually can’t go all-in. It’s better to split your entries and leave some room. Right now, $ETH and $BNB are both outperforming $BTC.
If this drop from 12.4k is indeed an ABC pattern, then each leg of the drop and rebound could last a week or even longer. Plus, there’s the central bank annual meeting speech tonight, so there might still be some surprises.
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