looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction.
harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent.
in an extreme case this could be C wave of an heading down to 0020 however there is no evidence prior to suggest a full cycle was completed and therefor we shouldn't see this low.
i believe the lows we are seeing are part bitcoin slump, part alpha 'demo' (not live) and the rest were people just cashing out into other projects that may of taken off.
green candles just around the corner, fingers are crossed :)