In this TA we are going to guess the wave count, since it looks like we are about to complete 5 waves down ending up anywere in beetween 6.4k USD (100% fib retracement of latest run up) and 6.9k USD (main support blue line).
A pump above 8.1k will invalidate this short idea.
These are only my thoughts, not trading advice, please make your own researches.
Recently this coin has gained so much attention and it's number 5 for marketcap since weeks already!
Wave counts suggest correction is over, which was needed after 23usd high.
I believe we are moving towards fib level 1.618 but I think we are going to see strong resistance at 0.50 fib level.
Even though I don't think we are gonna see that much down...
This is my first idea and I hope to receive many comments in order to discuss together what is going on with BTC.
Since I got lost when we where at 9k levels, I went back to my book and I feel like we are going to see and expanded ABC flat correction for my primary wave 4 .
In expanded flat corrections with pattern 335 (abc,abc,12345) wave (B) goes...