BTC WAVE D(1) is expected to end around (10,400-10,650)
2 possible outcome can be derived:
1. If this wave is for wave D definately we will have next wave to be WAVE E which will be largest of all waves from ABCDE. This wave E will end around (7,850- 8,950).
2. If the wave is for WAVE 1 as for fresh IMPULSIVE CONTINUATION Wave, then it means, it will only travel down for about 68.2% - 78.6% FIBONANCCI RETRACEMENT Level of previous wave CD or C(1) which will be around (9,750- 9,950).
Best bet is to stay at alert and watch price reaction when it get to 9800 level, notice of any reversal signal here should result into BUY SIGNAL for us.
If we have free fall pass 9800 we should change our mind and be thinking of buying around 8k level.