As you see, AB=CD working and price can drop till 8221. There are no bogey whales behind it...
If this bearish ABCD work First TP: 8757 And if 8.7 support break Second TP: 8387 So, be careful before jumping on long train. (D point is not at fib. 1.272 at this chart but price is. So...)
As you see, after bullish gartley, bearish bat formation appeared. First TP is 11.300 that price already hit there. Second TP is 10.300. If 11.300 could not resist, next stop will be likely 10.300.
If price get below and hit 8.8, bullish gartley will be appeared.
You can see ABCD formation on my previous analysis. Price can hit 10 k before correction If Rising Wedge works, ABCD and Rising Wedge can push price back to 8.5 and 8.2. After this correction, i believe BTC can fly, BTC can touch the moon sky...
9.5 is at fib. 127. 10k is at fib 161 Possible correction points given on chart.
BTC broke the rising wedge and gone into Falling Wedge now. It is very understandable that ABC correction came after 1-2-3-4-5 waves. Not is seems BTC gonna take a breath in Falling wedge till 7.3 and it will go back Bull's run after then.
It looks like too close to correction.
As you see guys, We finished Bat formation and 1-2-3-4-5 bullish elliot waves. So, correction was expected. Don't count this dump as whale trick. And if price keep going down, 3750 waiting for us.
We finished 5 - 3 and waiting 5 wave. On 1d chart, Inverse H&S support 5k again. In every drop in 1 year, we hit back fib. 61.80 again. Now, 61.80 pointing out to 5k. We have enough evidents to except 5k from here.