Hello, everyone.
The cryptocurrency market prices has started to collapse.
BTC price also has all chances to slide into the abyss, if the big 5 wave scenario will be realised in the next few days.
In general, if we talk about the possible end levels of decline, it is worth considering the possibility of panic sales, that may subsequently lead to a decrease in the price of BTC to the flesh of $11,000 and lower.
I do not like that the price did not reach the channel border in wave 4 on the logarithmic scale, so I continue to considers the scenario with the price stopping at $19,500 and a sharp rise above $25,000 too.
In the current situation I recommend to trade very carefully, as it is very difficult to predict the future behavior of the BTC price.
The cryptocurrency market prices has started to collapse.
BTC price also has all chances to slide into the abyss, if the big 5 wave scenario will be realised in the next few days.
In general, if we talk about the possible end levels of decline, it is worth considering the possibility of panic sales, that may subsequently lead to a decrease in the price of BTC to the flesh of $11,000 and lower.
I do not like that the price did not reach the channel border in wave 4 on the logarithmic scale, so I continue to considers the scenario with the price stopping at $19,500 and a sharp rise above $25,000 too.
In the current situation I recommend to trade very carefully, as it is very difficult to predict the future behavior of the BTC price.
