Critical level: 9695$ Hello, crypto traders. Probably the development of wave (ii) of {iii} of A. As you can see, the correction channel was broken. I think the price will test this broken channel. It is possible that wave (ii) will roll back wave (i) by 0.618.
Critical level: 9695$ Hello, crypto traders. Presumably, wave (c) of {ii} of A was completed as a impulse with a truncated fifth wave. I expected the price to correct the first wave by 0.618, but a truncation was formed. So far, the price has approached the lower limit of the correction channel. Probably, the wave (i) of is developing. In an alternative...
I assume that bitcoin may grow in the short term as part of the development of the second wave. In the area of the Golden section there is a Fibonacci cluster obtained from the following ratios wave 2 = 0.618 wave 1 ~ 9845$ wave (c) = wave (a) ~ 9834$
Gold is close to completing the double zigzag. The internal structure has not yet shown five waves of decline, which indicates that the growth is not over yet. Using the Fibonacci ratio-wave (Y) = 1.618 wave (W), I calculated the approximate end point of growth equal to $1804. Therefore, I am still inclined to expect growth towards this target.
Bitcoin probably completed the wave (D) of . I expect a reduction of the decline to 4500$.