MonkeyMagic

BTCUSD - was it a truncated 5th? Target has not changed

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
A different count if we consider the 5th impulse wave to be truncated. The zigzag correction looks a little more classic in this scenario.

My projected target remains the same, a 0.786 retracement to $7,200 or so. I believe BTCUSD             will bounce of this level in the short term, but there are larger possible patterns in play here so I will be considering the medium term possibilities in due course.
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