How far will Bitcoin drop?

Whether you consider the previous high a $9,980 as wave 5 or expanded corrective wave, current down-going wave has formed 5 waves structure which seems to be a cycle. I am considering this wave as wave A and have set my targets. Current bounce at $9,300 seems to be wave B. Since bears are in control right now, I am not expecting wave B to go above $9,400~$9,500. I am targeting wave C at $8,800~$9,100.

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Yorum:

Possible bearish flagpole pattern

Yorum:

I fib extended what it seems be 1 sub-wave of wave C to update my targets.