The bullish scenario is still possible, although a rule has been violated for Wave 4, which should not fall below the peak of Wave 1. This sometimes happens - for non-standard reasons. Now this reason is panic due to coronavirus. In the bullish scenario, the failed Wave 5 is most likely to form (when the peak of Wave 5 is below the peak of Wave 3).
1. Wave 1 ended at around 10,500
2. Now wave 2 has begun to develop: since we see that the component wave A consists of 5 waves - most likely we should expect a zig-zag ABC correction . The targets for wave A - 9900 - 10000 in time just before halving - many will buy bitcoin in large quantities, open large long positions. After wave C with a target of 7900 -7600,...
The previous wave count - was disabled because the level 1506 usd was broken.
Yesterday's and today's news release provoked the formation of an irregular correction when Wave B makes a new high.
Wave C may drop to the beginning of Wave A or below it.
5th Wave - expected. We will see its peak on October 7 or October 8 with news releases that are due on these dates.