For now, Verge has found support at the .382 level (800 sats ) and if this is the end of the correction (possible) then we should begin a new 5 wave impulse that reaches 3200 sats or 1.618% of the previous high of 2000 sats .
However, if Bitcoin corrects further, down to say $8000 (or I'm even seeing calls of $6k in chat now) then verge could drop lower to the next support.
Heck of a buying opportunity today.
Wave 5 on the chart (3200 sats) is wave 3 of the bigger 5 wave impulse.
In the larger scale:
Wave 1 took us to 2000 sats
Wave 3 should take us to 3200 sats
Wave 5 should take us 5200 sats.
Time frame is weeks; I think we'll see 5200 sats in February.
Next support level is .236, around 515 sats.