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.

If you like my posts, please press thumbs-up button and follow me.
It really encourages me to share my TAs with you guys for free.

Kommentar:

Possible bearish flagpole pattern

Kommentar:

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