Could this still be wave 4 and BTC is in the sub wave C part? The first sign I'm skeptical of it going down a lot is the golden cross just happened on the 4 hr time frame. This means the 50 EMA crosses above the 200 EMA. Also, Look at wave 2. It looks very similar to whats going on right now. I did a FIB extension and it went up to .5 on the B wave then dropped. This is the same thing that happened in wave 4. I did a FIB retracement and with wave 2 bottomed at the .382. If this road map is correct then the bottom of the C wave would be around 10297 which is also in conjunction with the 50 and 200 EMA. These will act as support too. Best of luck trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.