Rising wedge and Bearish Divergence. Prepare for correction

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We can expect an ABC correction down to 8800 USD for BTC. Bearish divergence on 4hr chart shows that correction is incoming.
This chart shows the Elliot Wave analysis:
First Elliot wave of BTC uptrend has almost been completed.

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ملاحظة

Detailed analysis of ABC correction

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ملاحظة

Downtrend still valid and in line with ABC correction. Currently in B correction up to 9.5k. After that we can expect another drop in 5 waves down to 8.8k.

No predictions here - only possibilities

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ملاحظة

Price Volume per Price Range is very strong at current level.
Bitcoin on 4Hr chart looks oversold. May be a good position for a partial long position now.

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ملاحظة

Looks like the Bears are still in the game. Downtrend is continuing and btc is still oversold on the 4hr chart.