Over the last few hours we went into the predicted zone and experienced a beautiful bounce which to me was enough to look like the beginning of Wave Four , However, i believe we still should go back up into the 11,800 area with a retest of attempting to hit 12k. ( get a proper juicy double top going)
However i do not have confirmation of this yet, here is what i had predicted earlier.
IF this is the bounce, my original count is still valid for landing zones between $9,500 - $10,000.
For 100% confirmation of this down beginning into our Fourth Wave i will be waiting for a breakout of this Red Line.
Basically a break below $11,000 .
However if things dont go to plan here and this is not the end of this wave, we could still possibly see 12k Hit with a new sub-wave of sub-waves count.
A breakout over this12k right now, looks very unlikely as our RSI will be pointing at extremely overbought.
However , ii still have that post i did a few days ago going over likely scenarios to unravel around 12k. So here is that link :
https://steemit.com/bitcoin/@sourlemonball/btc-usd-the-12k-line-the-bigger-picture-18-2-18
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!