Sorry for USD holders, This is the beginning of wave 3 of C Correction. Rapid decline in USD pairs and rapid uprise in crypto and stock. Wait and See. The target will be 1st 0.618 Ext-Fib libe and then 0.786 line.
AVAX/USD has started its 5th weeksly wave and now nearly completed its 1st 4H/1H wave. After the correction (2nd 1H/4H wave) there will be another 35% up-trend after which general correction (Weekly TimeFrame) will lead to massive price reduction.
Wait till C-Wave correction of primary 1 wave ended, and the previous ending diagonal becomes completed. There are 2 choices to buy: 1- Wait for upper border of ending-diaonal to break, or , 2- BUY THE DIPP OF C-WAVE.
I think of deeper correcti on at least to 48K-42K but my TP1 is 53K.
Based on the result of this structure, BTC price may fall up to 37,500. depth of the fall may be even deeper but 37,500 the most possible target. I will update this post with my trade result.
In this Bull Scenario, BTC should descend to 40.3K to fulfill C-Wave.
2 days ago I noticed appearance of Sign of Strength (SOS) in BTC chart. As of the previous night Eth started SOS Phase. I would wait for 1st LPS (Last Point of Support).