justacryptotrader123

bounce is about to happen, but we're heading down more

Long
BITFINEX:BTCUSD   Bitcoin
Theoretically, Bitcoin is almost at the end of wave 3, it is might still trying to complete some sub waves to complete the whole structure, after that we will see a bounce (wave 4) to above 5k, I'm confident that this is a relatively strong bounce because we already had a very shallow wave 2. According to EW theory, if wave 2 is shallow then 4 will be sharp, that's why I'm expecting a pretty strong bounce with volume in it.

But after that, there is still wave 5th and we're gonna have a lower low.
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