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GramTooNoob
Dec 11, 2017 5:59 PM

One more wave 5? 

Bitcoin / DollarBitfinex

Description

I recounted again and it seems like we are only on wave 4 correction. ABC appears to be completed, and we are now in consolidation. Waiting to see if ABCDE triangle completes, the support for C wave should tell us the answer.

May be a good idea to short to the C target but its floating very weirdly that I am not sure if it is going to just stay there. Might be good to sit out and wait for the pattern to confirm. If there is really a wave 5, we should be looking at the 21k range.
Comments
Horrorcoder
It didn't follow your trend but still it was an interesting perspective!
silmaril0875
BTC seems to move too fast to go down. anything can happen but the current movement does not seem to follow this trend...
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