astoinis

Bitcoin Bounce in effect?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I see two targets as possible 'relative' highs

first target at $6547.00

second target at $6741.00

followed by continuation of trend to the down side
--if the maximum bounce is seen if price meets the $6741.00 target --> sell off to sub $6k to somewhere around $5950.00
---> followed by bounce to $6260.00 range
---> followed by the 5th wave down to range of $5750


this is strictly based on fractal or repeat of a previous price decline from an earlier time frame.

this is merely a thought exercise.
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