Just wanted to renowate theese charts:
BTC is moving faster than I thought. Correction in wave b is finished. I think it is going to drop in the strongest wave c of 4. According to the wave theory maximum target is the high of wave 1 - it is 1200$ for one bitcoin. Fib time cycle indicates the length of green wave 2. Possibly wave 4 may extend up to the end of 2018. More or less.
Despite we are in wave 4, there were no dramatic growth of volumes. We have to see it obligatory. One such a growth will indicate wave 3 of C. And the second one (smaller) would indicate wave 5 of C. Only in this case we can start considering about the end of that big correction from price 20 000$.
BTC is moving faster than I thought. Correction in wave b is finished. I think it is going to drop in the strongest wave c of 4. According to the wave theory maximum target is the high of wave 1 - it is 1200$ for one bitcoin. Fib time cycle indicates the length of green wave 2. Possibly wave 4 may extend up to the end of 2018. More or less.
Despite we are in wave 4, there were no dramatic growth of volumes. We have to see it obligatory. One such a growth will indicate wave 3 of C. And the second one (smaller) would indicate wave 5 of C. Only in this case we can start considering about the end of that big correction from price 20 000$.
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Alternative: small drop now just to drop to 1500 later
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Daily chart, main:
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Daily chart, alternative:
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One more plausible way of sliding down within the framework of the main scenarion: