I simulated the 5th wave impulse by proportioning the impulse with the same dimensions and characteristics as the final section of wave 2 of the main cycle. (In my opinion it represents the pole of the bull-like flag)
At this point the key levels become the references in the triangle marked in orange (abcde) by and. the impulse that represents the 5th and last wave of the main cycle begins.
I had a hard time imagining how the price can break the 9500 USD barrier and this seems to me the most plausible simulation.
Basically, wave 5 of the main cycle represents the flag pole of the flag.
Why do I think of a Bull phase?
We are in the upper part of the trend channel, the market is strongly , the signal from the hash tapes indicates an advantage for the miners and also, only on 5/05/2020, about 400 MILLION USDT and BTC have been sent on the exchanges .
Secondly, we are at the end of the fifth wave of the main cycle, there are no truncations and the race should continue.
This time the 9.5k shouldn't be scary, the halving is near.
Impulse wave (Section 5 of the main wave)
Wave 1: 9228 USD (entry)
Wave 2: retracement at 9100 USD
Wave 3: 10,154 or 10,500 USD (admission)
Wave 4: retracement (around the )
Wave 5: if all waves are selected 11,200 USD.
This dream is magical!
I will wait for the retracement at (9090/9150) for point 2 or the restart.
befeore 10.540 usd