It doesn't matter how deep BTC can fall, I prefer the red path.
Comment:
The wave c should take as much time as the wave a. If you think BTC will soon explode, you and the others are wrong.
We should see at least 0.618 Fib Ext. from the a-b, which leads to 4105.
The question whether the wave c ends here or is goes much deeper, still remains open.
Under the wave a, follows the Fib. Ext. 0.764. where prices under $ 1200 are expected.
First of all, a shock must come - with the unexpected deep fall - and only then can BTC really explode.
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We should see at least 0.618 Fib Ext. from the a-b, which leads to 4105.
The question whether the wave c ends here or is goes much deeper, still remains open.
Under the wave a, follows the Fib. Ext. 0.764. where prices under $ 1200 are expected.
First of all, a shock must come - with the unexpected deep fall - and only then can BTC really explode.