there is 2 senaro for btc
senario 1 : we have a 5 wave and price come up to 51500
senario 2 we have a 3 wave and we are going for 24k - 19k
if senario 1 get happen the max price at this move should be around 51500
and price should going up from 0.382 of fibo ret (37500)
if senario 2 get happen we sould lose support 0.382 fibo
senario 1 wave count shown with blue line and
senario 2 wave count shown with red and yellow line
i think senario 2 is most posible than senario one becuse i belive we are in bear market
and in bear market we have abc elliot wave not 5 wave
senario 1 : we have a 5 wave and price come up to 51500
senario 2 we have a 3 wave and we are going for 24k - 19k
if senario 1 get happen the max price at this move should be around 51500
and price should going up from 0.382 of fibo ret (37500)
if senario 2 get happen we sould lose support 0.382 fibo
senario 1 wave count shown with blue line and
senario 2 wave count shown with red and yellow line
i think senario 2 is most posible than senario one becuse i belive we are in bear market
and in bear market we have abc elliot wave not 5 wave