I believe BTC is making a descending triangle in wave 4 of Elliot. Usually this triangle forming in the wave 4 or 2 of Elliot. We didn't see this descending triangle in the wave 2 , Then it's not so out of mind that we see it here as wave 4. If BTC fall down to under 9800-9600 then most probably we are in ABC correction of bigger wave and we can go further more down.
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.