We may be in a big ABC correction. This ABC has subwaves of 1,2,3,4,5. Then a small ABC up again (which is the B-wave of the big ABC) followed by another 1,2,3,4,5 subwaves structure.
The A leg usually has the same decline as the C leg. This would give a target of aprox. 39.5k for BTC.
Looks pretty likely scenario to me at this point. The correction top to...