So BTC hit about 15356 (0.382) for the 4th wave rebound and the 5th wave could be a drop downward but how far? Will it ultimately double bottom just below 11000 or thereabouts? Some have said even 8000. I'll post another fib pic for the drop assessment in a moment.
Several options for a BTC 5th wave downward:
0.382 = 14258
0.618 = 13635
1 = 12500
Double Bottom = 10418
These are only a hypothesis and you must do your own due diligence. Good luck!
BTC ended up hitting about 9000. WOW! And this was all expected... by some. Good job on the TA and all those looking at the weakness for seeing what it is. What did all the alts do? Mainly followed as usual. Hope you bought some on sale.
The 5th wave down has began. 4 days late but it came. It hit the 13500 mark and may simply do that twice and fly back up. I am not in BTC as I don't trade it much. But I watch it as the market king. All the alts followed. Good luck!
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