BTCUSD Technical Analysis

Since the 3rd wave is less than 1.618 of the 1st wave, the 5th wave will have tendency to overextend itself.
I am targeting 0.618~1 of the length(beginning of wave 1 to top of wave 3).
Also we can derive the the rising bearish wedge as known as one of the leading diagonal patterns.

From now on, I will post BTCUSD -0.20% on US region server and BTCKRW -0.14% on Korean region server.

Komentarz:

Let me correct my analysis. Since 3rd wave cannot be the shortest, I think the 5th wave should be forecasted more conservatively. Here is my new corrected target.