Bitcoin gave a deep local correction in wave 4 (black). No wonder - the correction in wave 2 (black) was peaceful.
From the whole structure of the subwave in 5 (violet) it is seen that the 3 waves were shorter than the first. This does not fit into the theory that says: "Wave 3 can not be the shortest in the impulse structure, nor can wave C in the corrective movement."
We are waiting for wave 5 (black) to be shorter than 3 (black).
We advise for a while to completely exit the bitcoin, after breaking through at the price of the maximum price value of wave 3 (black).
If the picture gets panic and the price starts to push further - Stop Loss with a full output of 5600.
The next favorable moment for purchases may come after adjusting the price of bitcoin to the price of 5000.
From the whole structure of the subwave in 5 (violet) it is seen that the 3 waves were shorter than the first. This does not fit into the theory that says: "Wave 3 can not be the shortest in the impulse structure, nor can wave C in the corrective movement."
We are waiting for wave 5 (black) to be shorter than 3 (black).
We advise for a while to completely exit the bitcoin, after breaking through at the price of the maximum price value of wave 3 (black).
If the picture gets panic and the price starts to push further - Stop Loss with a full output of 5600.
The next favorable moment for purchases may come after adjusting the price of bitcoin to the price of 5000.