BTCINVESTING

BTCUSD (1D): Last wave up to 5!

KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
What if the last top was not a Wave 5, but a Wave 3?

I think this is very likely. Why?

If the last top was a 5, we would have had to correct deeper.
Normally the correction should have went down to 0.382 (~7200).
Then 12345abc would be completed.

In our case, however, the correction did not even end at 0.5.
She stopped at $9,000.

What's the meaning of this? It could be a Wave 4.
That means we're just in wave 3 of 5 up to the final 5.


Let's see what happens. Happy trading. :-)


Comment: idea still valid.
Comment: as expected
Comment: first a bit down, then up. move like this... chart update

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