according to elliot wave neo theory, I think, BTC is at the B wave . the B wave seems to be a triangle. so we can conclude that C wave has not begun.so at the end, unfortunately btc would break out the triangle and the next target would be 1000 $.a gartley or bat pattern may be constructed in the B wave.
as you see on the chart best place for buying btc,occured when ema 21 cross below the ema 100.it happened two times in the past..now we can see these emas are close to each other and a death cross will happen in next 4 weeks in my opinion. btc will dump and its a good opportunity for buying.
by using fibonachi numbers in multi timframe we can see a better picture of the market. I used 50% fibo of big wave.( from 14000 to 3800)
it is probable that price touch 9000 $. seeing chart can help, convince yourself. but it is also probable every bad news about US stock or corona can make a collapse.
I mentioned this pattern some days ago.now I see that d point is exactly on 61.8% fibo ya wave and 78% fibo of xa wave.so it makes a strong resistance in this area .and a good time for sell.its rare that btc can go higher than this level
I think, btc will touch 8300. its a sell apportunity. don't miss it.after that btc go down from the green ichimokou coud. nobody knows there will be be a price below the 3800. but I think, it is unlikely.
according to previous analysis, btc probably have a correction untill 5400. the fibo numbers that I have used, are fibo expansion abc wave (%100).and fibo retracement of bc wave (161%). the area between these two percentage, make a poweful resistance.