thekevin

BTC Short Term Short?

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BITFINEX:BTCUSD   Bitcoin
BTC has already done 5 subwaves down in this C wave. However, this final subwave (5) is only 0.618 of wave 1. Although it is possible for it to finish here, I would expect it to go to the 1.0 or 1.618 of wave 1. This takes into consideration that subwave 3 was extended to the 1.618 of subwave 1. I have marked the possible finish at the 1.0 line or 1.618 line, hence 2 finishing points.
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