BTCUSD - A+B done, C, paired with bear flag - target 8500

A + B waves of ABC correction look like done. Target of C is around 8500 and that level is also target of bear flag that waits to be broken down.

Comment:

there is possibility we still haven't done the B of this ABC correction. 11200 was only 50% of the 12500-9800 move and while it is possible that it retraces only 50%, 61% is much more common. In that case this last drop to 10100 area was only B of B and we might aim for 11500 area before dropping to low 9000s