Bitcoin is going below $3,000 but how do we get there, 2 options

I this post I will layout where I believe we are, where we are going, what evidence I see, and the two ways we can get there. Keep in mind no one knows exact numbers or exact scenarios but the evidence is starting to mount and I will lay it out for you so you can make the decision.

My main premise is that we are in a fourth wave correction. I made a post about this earlier this week and your welcome to take a look at that chart in my idea section.

First chart above is the my main scenario. I presented this idea a few days ago and to this point we have hit both targets I laid out. The main point from this chart and the main evidence we can see for further correction down below $3,000 is the 1:1 line at $6500. If we go this low tonight then we have most likely just completed wave 3 in the large C wave that started at $11,680. Wave 5 will then take us to a min. of $3,020. (This is the .618 of the A wave $20,000 - $5,900)

I will continue to add charts below so you can see why I believe this


Thanks for taking a look, this information is my ideas for my trades and is not intended as advice for your trade strategies. Any feedback is always welcome. Good luck to you traders.

Komentarz:

Komentarz:

This is a 4th wave correction Bitcoin made just before it topped. I believe this is the wave pattern we are currently seeing unfold.

Komentarz:

Komentarz:

This is my secondary scenario for tonight with a target around $7200.

If we only go this shallow most likely BTC will be targeting $13,000 in a C wave corrective wave that will look just like a 5 wave structure.

Komentarz:

Komentarz:

This is an example of the wave pattern of the second scenario.

The main thing to keep in mind is in a 4th wave correction the C wave has to come on way or another.