As I've mentioned in my previous post BTCUSDT ended 4th wave of Cycle degree. The fifth wave has started since June 7th.
We can expect the fifth wave of Cycle degree to be an impulse wave ((1)(2)(3)(4)(5) in graph).
(3) wave is an impulse (i), (ii), (iii), (iv), (v). If it ended today we could expect corrective wave (a)(b)(c) in the beginning of the next week.
After that wave (4) could continue or end. Correction could reach 29000 level as it is 0.618 level of wave (3).
After the correction wave (4) is complete BTCUSDT should continue downwards.
We can expect the fifth wave of Cycle degree to be an impulse wave ((1)(2)(3)(4)(5) in graph).
(3) wave is an impulse (i), (ii), (iii), (iv), (v). If it ended today we could expect corrective wave (a)(b)(c) in the beginning of the next week.
After that wave (4) could continue or end. Correction could reach 29000 level as it is 0.618 level of wave (3).
After the correction wave (4) is complete BTCUSDT should continue downwards.