[EXPANDED SCENARIO BTC - ETH - ALCOIN & DEATH WAVE]
BTC - DEATH DISTRIBUTION:
Scenario 1:
BTC has broken through the sideways range at 95k and its next target is the area [100 - 104k]. A more extreme case is if the price spikes up to the area [110k] => Drops sharply to 85 - retraces => 80k.
Scenario 2:
BTC only tests the area [100 - 104k] then drops to 85 - retraces => 80k.
ETH - DEATH WAVE:
Scenario 1:
ETH has broken through the 3.5k area and continues its target to the expected range at [3750 - 3840]. In a more extreme case, the price spikes up to 4.2k => Drops sharply to 3k - retraces => 2.8k.
Scenario 2:
ETH only tests its expected area at [3750 - 3840] then drops to 3k - retraces => 2.8k.
ALCOIN:
Total 3 is in a retracement wave Testing back to 2 areas:
1. 1.08T
2. 1.13T
=> This does not mean that all Alcoins will return to their previous peaks:
=> Some will retrace 10 - 20%
=> Some will retrace 30 - 40%
=> After that will continue to drop to their condition area at [764 - 800B]
=> This is an opportunity to exit for the second time!
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P/s: To avoid misunderstanding! I will not set this week or next week! Because my view needs time to run the wave. It could take from 1 - 3 weeks.