MDuth

BTC Potential Bearish Wave Count..Might still have a 4th and 5th

BITFINEX:BTCUSD   Bitcoin
BTC closed wave 1, had a .382 retracment for the close of wave 2, had an extended 3rd that hit an exact 2.618 ext. of wave 1. At this stage I am anticipating a .382 retracement of wave 3 for the close of wave 4. That should put us in the 8,040 vicinity. If wave 4 has a 50% retracement of 3, that would put us in the 8110 vicinity before continuing on for the close of wave 5.
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