Following on from my last look at this correction (see previous ideas linked), the correction from 3 is so high it has made many think this wave over. And perhaps it is, but we can't say that yet. on some exchanges 4 did not cross 1. And even if it did there is the possibility of an extended down. The other scenario is the wave is over. We have had A and are now riding B. Down is still the direction, but we will get fierce fighting I feel at 36.9 as this decision starts to be a battleground.
A characteristic of this wave is long '5's in both 1 and 3. If this continues into wave 5, which I think likely, I think we may see quite a scary dip past the previous low... especially with all the FUD around.
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forgot to remove indicators. lame.
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it's been pointed out thart 3 can't be the shortest. which is a good point. my last guess had quite a short 5, ending around 32k, and it's on the back of today's FUD I've projected it lower.
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having looked properly I can confirm that wave 1 in each case is the same or smaller in height as wave 3. Therefore waves are valid. However I still think the bottom will not pierce previous low (29k) as in my previous post on BTC long term.
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I no longer predict long term because it's a stupid idea. even though I have been very right on occaision I now know better. long term is god knows.