Th3R4m0n1X

BTC Long term analysis

BITFINEX:BTCUSD   Bitcoin
What I see:

- Wave 1 and 2 clearly ended.
- Wave 3 ended and 4 developing...but! i don´t know if we may expect some extensions... I think this is not the case.
- Wave 4 still in development: a 5 wave structure passed indicating a zig zag correction.

Targets:

For B wave: 50% retracement at least, so 12k top
For C wave: I think the 3k level is just fine, breaking the last support and starting a new 5 wave impulse to heaven.

Just first thoughts...

Good luck to all!



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