BTC has started what looks like a bigger correction now. This is why I am assuming for now that yellow wave 3 is done already. There are a few other possibilities, but let's keep to this one for now, because the form and fit is really good.
If this turns out to be a normal yellow wave 4 correction, then the target range for yellow wave 4 will be within 10,000$ and 9,400$.
Now that we have a 5-3-5 movement, what we don't want to see is a sharp crash to a new low. This is possible now, but in my opinion not very probable.
We will be able to know what happens, if BTC does a normal correction, or if it starts crashing further at the point where the correction should be finished. Like so:
In the crash scenario, my target zone would range from 5,000$ to 3,000$.
If you think this to be useful information:
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