BTC First let me start by saying that some dire warnings made by so called experts are just nonsense and there is nothing technically that should warrant doomsday predictions. Yes the market is downtrending and coming up to some critical levels but they are normal cycles. BTC is a pure fintech product dynamically existing in the market. The 5 wave count up to $10000 is actuallystill in play. We are still in wave C and correction of wave 1 and its looking like there is some support at $7800 and a C wave will normally will hit the 1.618 fib level sitting at $7600. The problem here is while it should support if it shatters through then there is little support until we get to $6000. I think it is not probable as BTC does not let you buy at the very low twice in a matter of 2 months. There are 2 possibilities from and here they are. Firstly the bullish scenario....Wave C will not extend and be exhausted at the $7600-$7800 zone. The more it acts as a support and keeps touching as time goes the more likely it will bounce as the bears will have tested it and run out of steam. We are sitting on the golden pocket zone of (.65) of wave 1 and usually acts as a support for the Wave 2 retracement. A move up to $8500 (61.8 fib) will confirm Wave 3 of the primary wave count is forming. If there is a doji on the current 4hr a possible reversal can occur. Also a break above the channel is a positive move upwards. Secondly the bearish scenario, the levels hit the purple line and Wave C extends shattering through to the yellow long established support line which we have to respect. However, it gets to the yellow support line watch for a bounce or further drops to the next support at $6000 are possible. This can move quickly and if it hits the bearish zones and drops the bounce will also be quick so I suggest you make your mind up if you want to buy the dip and set some auto buys. Chins up and happy trading.