COULD THIS SCENARIO HAPPEN ?
Updated
Bitcoin is in a decisive moment, personally I see it as in a channel. If we break down this channel, we will probably go down and re-test 8000-8300 level considering the 0.786 - 0.618 Fib with a 1:1 ext. The lowest we can go is 7500-7750, this is the worse scenario that could happen.
This can be considered as one scenario, but there is also another bullish scenario that could happen which will be discussed later.
This can be considered as one scenario, but there is also another bullish scenario that could happen which will be discussed later.
Note
is the wave 3 completed? WE can see that we are in a very important fib number. We might go long soon for a small upward correction to complete wave 4 up to 9000-9100 region but we will still go down. The worse case that could be is to have a 5th wave extended.
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