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MDuth
May 23, 2018 2:24 PM

BTC Potential Bearish Wave Count..Might still have a 4th and 5th 

Bitcoin / DollarBitfinex

Description

BTC closed wave 1, had a .382 retracment for the close of wave 2, had an extended 3rd that hit an exact 2.618 ext. of wave 1. At this stage I am anticipating a .382 retracement of wave 3 for the close of wave 4. That should put us in the 8,040 vicinity. If wave 4 has a 50% retracement of 3, that would put us in the 8110 vicinity before continuing on for the close of wave 5.
Comments
JasonGerrard
I have been maintaining this count for the past week and it continues to hold.
MDuth
@JasonGerrard, I really like the larger count coming off of 10k with the ext 3rd. That one is worth keeping an eye on.
MDuth
@JasonGerrard, The more I look at that extended impulse set-up the more I like it....way to go on the chart.
CryptoTANewb
I think we had the extended 3 on the bull side a few days go
MDuth
@CryptoTANewb, sure did.

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