Based on the Harmonic Elliott Wave count, BTC is likely to start making a ⓒ of 3 wave in a downtrend towards the target of 161.8% of the projection of wave 3 hitting the trendline. Then it will bounce back to wave 4, which the contraction ratio must be between 35%-56% .
*** If wave 4 has already broken 56%, it is possible that this bearish wave count is wrong. This means that wave 5 of (C) of ➁ has ended and resumed the next big uptrend.
*** If wave 4 has already broken 56%, it is possible that this bearish wave count is wrong. This means that wave 5 of (C) of ➁ has ended and resumed the next big uptrend.
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