Hatoori86
Short

BitCoin breakdown is in progress - Wave 5 has started

BITFINEX:BTCUSD   Bitcoin / Dollar
My last idea about the bitcoin             (https://www.tradingview.com/chart/BTCUSD/4dw5zBSS-BitCoin-breakdown-is-still-near-Wave-4-ends-soon/) holds pretty strong currently, therefore I would like to take a closer look at the final 5th wave that may push the price down to 8k.

My Hypothesis: We are still in the ABC Correction that has started in December at around $20k. We are in Wave C which has a 12345 Sub-Wave pattern. Sub-Wave 4 seem to have ended like I described in my last idea and Wave 5 has started. I anticipate that Wave 5 will have an ABC sub-wave pattern as Wave 5 likes to form a similar pattern then the overall correction. We are currently in Subwave A. I think we will, therefore, have good buying opportunity between 9.5-8.0k.
Kommentar: We had good Support at 10k, I think we won't see BitCoin falling to 8k, but 8.5k instead
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