Bitcoin / TetherUS Perpetual Futures 07 Jan 2020
Well BTC has gone totally crazy in the last day or so, and I didnt expect it. I have found the error in my count which led me to believe the top is in. I am more confident in the revised count now.
I have revised the chart now, based on the latest retrace from 40,4000 and it looks like we are now entering the final 5 wave of the 5 wave of the 5 wave.
I have indicated high probability target areas marked, based on the fib extension of the proposed wave 1 onto the proposed wave 4.
The 5th wave is always the hardest to predict. Also, a truncation or double top (probably unlikely) could also occur. These are not the only targets, so higher targets to exist.
I will consider them if and when we get there.
No shorting yet. Lets see how this plays out.
I have revised the chart now, based on the latest retrace from 40,4000 and it looks like we are now entering the final 5 wave of the 5 wave of the 5 wave.
I have indicated high probability target areas marked, based on the fib extension of the proposed wave 1 onto the proposed wave 4.
The 5th wave is always the hardest to predict. Also, a truncation or double top (probably unlikely) could also occur. These are not the only targets, so higher targets to exist.
I will consider them if and when we get there.
No shorting yet. Lets see how this plays out.
A double top is not out of the question. Playing it carefully now.
Lets see how this plays out?