thekevin
Short

BTC Short Term Wave Count

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I have counted a wave 1 down. I have now also counted a subwave 1,2 within the wave 3 down. Let's see how this plays. BTC is also hitting hard horizontal resistance after just hitting Intra-yearly high RSI levels. Time to cool off!

These waves are just projections to show the sort of thing that could happen, not actual targets (apart from the 1.618 of subwave 1, wave 3). I have also left gaps between the levels of waves just so the numbers/letters can be read more clearly.
Comment: Last night I posted an ascending triangle (my last post). I believe I was wrong because nothing major happened at the conclusion of that triangle.
This is a wedge I was also looking at. If we break down out of this wedge then my waves above will play out. If we break above it then my count is nullified.
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