MAJOR BITCOIN FALL - $79XX - $80XX
Several fibs in regions marked in red. An ABC structure for the current ongoing 4th wave (correction). The c of this 4th is split into an abcde triangle.
e of the c should overshoot in the junction wherein the 'e' of the larger contracting triangle (marked) corresponds to the future (marked in miniscule) 'e' of the c wave. 79xx to 80xx is HEAVY resistance.
Price should fall BEFORE the arrow marked, made due to less space.
Ideal target for wave 5 is $3780 (previous major low), but assuming one exits on some smaller subwave, the marked region is a conservative target. Heavy RR, enjoy
e of the c should overshoot in the junction wherein the 'e' of the larger contracting triangle (marked) corresponds to the future (marked in miniscule) 'e' of the c wave. 79xx to 80xx is HEAVY resistance.
Price should fall BEFORE the arrow marked, made due to less space.
Ideal target for wave 5 is $3780 (previous major low), but assuming one exits on some smaller subwave, the marked region is a conservative target. Heavy RR, enjoy
Nota
Price has hit the level, but indicators are all very bullish. No strong reaction at the fib level either. Not short yet
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