Previous falls always retraced to 0.786 fib, then fall continued, and ended on (200) line, with touching oversold zone on , so high chance of repeating.
We have strong support on 5000, so fall should'n be ended below that poin, but it's crypto, and the panic is good way to buy more.
According waves (4) should enden below wave (1), but we can break that level(previous hight 4970) short term, to cause some panic.
1. We are about to touch upper chanell that's regulary send bitcoin to correction after two touches, could it be the same this time?
2. Fibo 2 stends right on the channel line on 8200 price
3. All previous observations: RSI - no continuation signal, WMA(200) untouched.