However, I'm still maintaining the same targets. This correction is just awaited since the count was almost completed a few days ago.
I am keeping the same Bullish scenario but is clear that we have a lot of resistance around 9200 USD. We will not be out from the "Bear's Jaws" till BTC will break that level.

In my opinion, the game-board is now defined by two major levels, The resistance around 9200 USD and a previous support around 8200 USD:

![](https://cdn.steemitimages.com/DQmVtXGu6BTCtde747dsGNAFR9XXRc4KUYews23zGax6eLq/image.png)

If the bullish scenario is still on the game, we should see BTC correcting till that lower support now which should be aligned to my EW-count below:

![](https://cdn.steemitimages.com/DQmV1SsKL9HgybvLz82fQ3QS3EHdX8FTLygSFX9kxYTVQMs/image.png)

Having a look to the 1H chart the explosive nature of the dump today seems to fit well with a 5 waves down configuration, so I am betting for an overall correction composed by 5 waves down, 3 up and 5 waves down again:

![](https://cdn.steemitimages.com/DQmVeJbe3W31ztWgkhfTuQmWUMgCssqNpvMuuRMxiEjkhE5/image.png)

These configuration would complete an ABC Zig-Zag correction type:

![](https://cdn.steemitimages.com/DQmXPYjMXjaEjy6Sz4AzTTLdM5BeKXirQ65FJonBw6NTZuW/image.png)

This ABC limits give me some clues about the strategy to follow on how to "**sail these waves down**", for instance, I am setting a BUY order on "A" and some more below, close to "C".

The entry point at "A" will have later on a BUY target on "B"  which I will setup later, depending if everything goes as planned.

### I am presenting only my plan here, no one knows actually what would be the real behavior of the market but doing a plan is always good in order to mitigate risks. As usual,  do your own assessment and act consequently, don't trust on anyone's plan but feel free to take the idea or discuss about on comments.
  
  


Which is your strategy? Are you buying, selling or simply observing?

Enjoy!

@toofasteddie 

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**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.*

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