As we can see on the chart, BTC is stuck in a channel and now this pattern has been around for 23 days, long enough to be broken out by a big candle.
According to my analysis, BTC will rebound and test 4 targets simultaneously in the 1D timeframe : MA200, MA50, the upper resistance line and the bottom. Of course, to overcome this area of convergence of too many resistance will be very difficult, so we will believe that BTC will go to the 8700-8800$ range around October 25-27. I think Sell strategy will be suitable in this price range because at least BTC will return at least 200$ to 8500$ before finding the next opportunity.
And there's a coincidence that every Altcoin waves end around this day, so make sure you sold all your Altcoins before this terrible day. Let this fight for Sharks
However, if BTC is too week and unable to bounce back to the 8800$ range as above, then perhaps we don't expect that BTC will fall sharply from this channel and plummet to 6000$ rather than 7000$ as the previous analysis
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