rubenthin
Short

Double top and rising wedge

BITFINEX:BTCUSD   Bitcoin / Dollar
87 0 2
A few more days of data from my previous post and I see an upward wedge , potentially a leading diagonal forming the illusive wave 4 of the larger downward impulse.

Serious double top at 4 perhaps confirming this.

I'm looking for a break down through the lower red line to confirm this...depending on which fib I choose, this targets low 200s or if you use wave 3 for instance, 1.618 from there points at 172 :-/

Otherwise we bounce off of 233/235 which is roughly 71% retrace of the rally up.
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