Bitcoin: 200-400 Points to the Downside?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
- I think the top for that 3rd wave has been put in.
- There could possibly be a sharp looking move towards the $5150 or $5000 area.

- Look through my past ideas to see what made me come to this.

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Isn't wave 1 back around $1173 (weekly chart) 11-24-2013 and now we are working on the final wave in wave 3?

This is what I see.

+1 Reply
@willworknow, My views are similar to yours. Just taking things as they come, step by step.
Yes alternation is likely but a flat is 3-3-5 and zigzag is 5-3-5 so re-draw the red lines.
@kyelwest, The lines I drew were a zoomed out view.
Is now a time to buy?
@Mikeentz475, Wish I had that ability. That is a choice I can not make for you.
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