# The calm before the storm did not last very long 🤑.
# In the morning I showed you already this bearish SHS pattern. It turned out like a textbook example.
# The bearish retest occured exactly like I predicted it this morning, just 2 hours before it happened.
![4xXnTMBh.png](https://steemitimages.com/DQmVzNda2Yw64H4B9PNcWtqtmyNSiKgufN8MyJzgcESYka8/4xXnTMBh.png) 
![HAZdXwLQ.png](https://steemitimages.com/DQmRqHNanGqbZ4ay3oqGxzpvVpHiaeFtHv17CQknbjXQxit/HAZdXwLQ.png)
# And the down moves are likely not done. But I think it is correction time now. Time for altcoins to lick their wounds and gain back some strength before the next BTC drop.
# Here is the count update that I promised:
![FkF2vEPx.png](https://steemitimages.com/DQmbCjcKbULK3XMChU3TK6RdbY2rof9nta9ZkbNQz3fbkkC/FkF2vEPx.png)
![ASspWhBU.png](https://steemitimages.com/DQmQPshyyLRfsVzK2DWnHssXzE8f5a2h9XvKT1Tm4Xfb53g/ASspWhBU.png)
# Green wave 3 exceed my target by 550$.
# The next big correction is going to be white wave 4 which will likely last a few days.
# This is going to be the pattern for next 7-15 days now. Boring consolidation, next wave down, boring consolidation next wave down.

# Get used to it. And at some point take a chance, when it presents itself. At least I will...
# Will my count be able to predict the low with a high probability? The answer is yes, unless I miss something. I am only human too, you know?

![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).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.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.


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