This time I think we have very interesting and uncommon structure - the extended . According to , all extended waves have +4 to their original wave count, so extended should be 3+4=7 waves.
Right now we have slight rebound after this short, drastic fall. Targets for entry and rebounds:
Sell entry (safe): 1.26
Sell entry (bit greedy): 1.31
Target 1: 0.9 - rebound expected after that
Final target (most possible): 0.6
Final target (extreme): 0.4 - if that target is reached, very strong rebound will happen in minutes after reaching it
I'll update the targets when the situation will unfold.
If you are interested, you can also see my Bit.coin short analysis.
If you haven't started shorting, now is the good time to start. Target at 0.97-0.9
(1) 1.02 - smaller wave reversal
(2) 0.78 - bigger wave reversal
Well, that 1.02 small reversal was right on point. :)
But I think we will have bigger reversal at 0.89, so prepare to finish your orders.
Remember our final target before bigger correction at 0.75-0.8
Brace yourselves, final target is coming.
After that, we should get big rebound, but still inside the bear market. If you plan on holding long term - DO NOT.