Right now we need to consider 2 options:
1) Entire move from 6400-10500 were 1-5 impulse wave (or (1) of higher cycle). And we are doing correction - right now ((c)) reached .
Worst case scenario will be c =2.618 extension == 7600 USDT is axactly connection 2018-2019 bottoms.
2) Entire move from 6400-10500 was A-B-C Correction and we can go much deeper than 6400 USDT.
(Fingers crossed :D, so we can short and buy much cheaper for long term).
- I like this option bit more because of the panic (Coronavirus) on stock / comodity markets.
Share your ideas, trade safe and dont take everything too serious (Its just Flu with different name).