Don't look at crytpo much but BTC seems to be at an important stage.
Could have completed an ABC correction at $11,300 at approx. 1.618 of wave A (orange waves).
Alternatively could be a wave 3 completed and now in wave 4 to 0.382 of wave 3 (red waves). If wave 4 can expect BTC to extend either 1.618 or 2.618 of wave 4 for wave 5, between $12,000 and $13,500.
The critical point for a move up is around the $9,100 area. If this point crosses it invalidates a bullish move (wave 4 crossing wave 1) and the ABC move will be confirmed in my opinion.
Could have completed an ABC correction at $11,300 at approx. 1.618 of wave A (orange waves).
Alternatively could be a wave 3 completed and now in wave 4 to 0.382 of wave 3 (red waves). If wave 4 can expect BTC to extend either 1.618 or 2.618 of wave 4 for wave 5, between $12,000 and $13,500.
The critical point for a move up is around the $9,100 area. If this point crosses it invalidates a bullish move (wave 4 crossing wave 1) and the ABC move will be confirmed in my opinion.