Would you believe me if I told you that Big Brother started its correction in December of 2017? Would you believe me if I told you it is still in correction?

What if I showed you instead?

Its most recent formation was not one of the start of a regular impulse wave. What Papa Bear has just completed is an ‘expanding flat’ sequence (post descending triangle formation). An expanding flat is a very common ‘flat’ corrective wave where the a-b subwave ends beyond a 100% retracement, which is then proceeded by an expanded b-c subwave.

My analysis indicates that at present, Papa Bear has been performing a double three sideways cartwheel….sorry….erm hrm….a double three sideways combo correction since 12/2017. And it looks like it has yet to complete its finale, especially considering this recent formation which isn’t one of a ‘standard’ uptrend/impulse wave.

Following on from this, it does look like a pennant is taking shape which is a bullish continuation pattern (I was never going to knock BTC’s rise to being the epitome of a seahorse), which sits well with my analysis of the Senkou Span B acting as support (the likes of a repelling magnet) in this analysis.

Whether Papa Bear chooses to take this path (and if it does, how high it will travel) is completely up to the crypto Gods that be. 

Update 13 November 2019

I would like to add that its current trajectory is heading straight for the point of control in this timeframe. Not a failure at all. It hit right on the bottom trend line exacly as marked, albeit a little earlier.

Update 15 November 2019

Stuck in the cloud. Don’t know which way to go.