Now we have formed and in all probability finished wave 4, which was a triangle, unlike the zigzag of the second wave (all according to the classical rules of wave theory).
Several target options are being considered here, the most likely target is 1.618 from the third wave, and target will be around $94,000
I'm already afraid to make forecasts of this kind, but everything that is happening on the chart now looks like an impulse downward movement, which if we break through it promises to be very epic, because we have accumulated a huge number of stops at about the same level. The price has already been trying to break through the resistance level 3 times and...
in all probability, we will enter the market reversal zone, after the initial wave 1 - after which we will have a strong correction with the possibility of breaking through the previous low, which is also indicated by increased volatility
Making the markup again, it became even better. As a result, we have that the price should turn around in the range from 53,000 to 57150. In the first case, we must do at least 0.618 from the wave 3 and in the second we cannot be more than the same wave 3. Everything right!
In addition, the line 57150 absolutely exactly coincides with 0.786 from the global drop...
Now the "B" wave ends and the "C" wave should start, with the target near 51500 global, or 49500 if watch from "a" wave 1.6 ratio. Which will complete the correction for the "1" wave. After that a powerful upward movement should start.
Now we have reached the end of the third wave, judging by the fact that the divergence began. Next we are waiting for a slight correction and the final fifth wave. This is all based on the scenario where we have a third wave (of higher order) that is shorter in length than the first wave. Therefore, the final fifth wave cannot be more than the third wave and the...
this is the last hope for short. In my last idea, I made a mistake, I counted the last gap, which started at 9800 for the first wave in 3, but it was the fifth in 1, so we are now completing the correction and should start falling into the zones below 3800
Now we draw 5-3-5 correction of wave 1 and ready for big btc falling to 3800 and below zone.
+ we have Saturn and Jupiter conjuction at 8 Jule (prevous conjuction of this planets was 12 march)
from Astrology :)