Given how methodical and incremental and systematic this very healthy correction across the Cryptosphere has been; a crash scenario would take immense amount of firepower reload from the sellers as since early in 2018; they've spent much of their ammo!
The below chart shows the subwaves of what could be a potential wave 5 of C corrective wave. IF this is correct, then a downside target of around $682 is likely. Could it go lower? Yes, but I believe much of the seller ammunition is spent!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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