Hatoori86
Short

BitCoin breakdown is still near - Wave 4 ends soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My Hypothesis: BitCoin is still in its Wave C of an ABC ZigZag Consolidation. The Subwave 4 of a 12345 Sub-Pattern will end soon. In my last idea, I thought we are in an ABCDE Wedge , but it looks like Subwave 4 has a usual ABC Wedge Pattern. If the 11.8k resistance breaks, my whole idea is probably wrong, because that would mean that the consolidation of BitCoin has been over already. Wave C would have ended at Subwave 3 and would be probably a Wave 5.
Jan 22
Comment: The idea seems to hold strong. The final 5th wave has started. I am taking a closer look at the 5th wave here:

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