Bitcoin / TetherUS Perpetual Futures 07 Jan 2020

Well BTC has gone totally crazy in the last day or so, and I didnt expect it. I have found the error in my count which led me to believe the top is in. I am more confident in the revised count now.

I have revised the chart now, based on the latest retrace from 40,4000 and it looks like we are now entering the final 5 wave of the 5 wave of the 5 wave.
I have indicated high probability target areas marked, based on the fib extension of the proposed wave 1 onto the proposed wave 4.

The 5th wave is always the hardest to predict. Also, a truncation or double top (probably unlikely) could also occur. These are not the only targets, so higher targets to exist.
I will consider them if and when we get there.

No shorting yet. Lets see how this plays out.

Comment:

UPDATE #1: We created a double bottom for the wave 4. This re-inforces the idea that we may go up to at least test the high. Break that high and the original targets are still valid. The fibs off the low now also line up perfectly with the proposed wave 5 targets.

A double top is not out of the question. Playing it carefully now.

Lets see how this plays out?