KRAKEN:BTCUSD in the past 3 weeks was in a really tight range of 8% and 2 days ago dropped significantly breaking the strong support at $37’500 and was stopped 24H ago on major dynamic support from W time frame.

What is the supported thesis technically for the expected scenario on Bitcoin?

– there are two potential scenarios one with 25% probability and one with 75% probability
– If the price breaks even with $100 this yellow line – probabilities for a drop to 32K will be 75%
– The MACD indicator hits low points and soon will start forming
– Accumulation on bigger time frames supports the thesis that this is still a connection between major 4 and major 5 wave
– Don’t over-react the situation still nothing so scary

If you have any questions related to this trading idea I will be happy to provide you with answers.