Correction

Just sketching some shapes to see how similar the patterns are compared to march 2020 on BTC . Trend line between two major drops and fibs line up somewhat. Watching for a bounce near the black trendline.

Sketched some levels key that would complete a few of the bearish structures present on the BNB chart. The curved dashed lines are meant to measure the log-scale range of the first impulse and are not for trajectory.

I took all of the major bearish structures that are present on BTCUSD and estimated the second impulse down with the curved dashed lines. These are just meant to measure range and not show trajectory. The horizontal, trend lines, and curved lines are grouped by color. The first impulse dashed lines and the potential second impulse lines are the same, just copied and dragged. The horizontal lines are the areas that I will be watching for a bounce. The trendlines and potential breaks are just meant to serve as initial measurement points for the second impulse.Testing previous supportw0w

On the left is GOLD and the right is the spread of GOLD vs DXY. I am watching these levels for completion of bullish structures. I highlighted the areas of the first impulse and copied it to estimate the resistance areas from the breakouts. Would like to see confluence between the level of the GOLD/DXY spread and some level of GOLD.Its making a triple top rising structure now. Risky.

Could get nasty if there is a second impulse down

My personal target is approximately 800.

Setup looks nice, two possible paths. My personal target is 0.8 area.

This is my personal long term target.

Possible measured move is shown.

Long term wedge has been broken.