This TA based on weekly chart
- The first, look at fibo channel uptrend we can see the price has fully upward movement. When it passed Fib channel 2.0, it was began move to bubble zone.
- After fully upward movement, it must be correction. We have 2 step for correction.
- Step 1: Correction for bubble zone.
The price was down from ATH to previous bottom, it's 6000 USD level. This step was took on 2 swing: 1-2, 3-4 on the waves model.
Make a Fibo Retracement, we might see fib 0.236 is around 3500 USD. That is confirmed by bottom of the candle on, 21/08, 11/9, 21/09, 25/09 (2017).
Now look at the downtrend line 2, we can see it hit at this level price of 3600 USD on around April 30, 2018.
So, what to do now?
Please note that you can consult this TA but you have to make he investigate carefully. Do follow my TA also have risk, I'm not always right.
But if you decide to use my TA, I recommend to put a pending order at 3700-3900 USD and wait to my update.
Thanks and sorry for my bad English.