Bitcoin will drop to the 1.272 FIB Extension line measured from the peak of last impulse wave to the bounce upward from the drop following the impulse. Just as my previous idea showed BTC would hit $6850 well in advance, bitcoin will again repeat the same movement and hit the $5,5000 level. 1.272 FIB is a key trend extension level that repeats itself over and over...
Don't be fooled by the recent price retracement. HISTORY REPEATS ITSELF.
This is a little messy, but it illustrates a BTCUSD FACT. Impulse waves along DOWNTRENDS ALWAYS drop to the 1.272 FIB Extension level.
See for yourself.
Also, mind the 50/200 "Death Cross"
This pump is only to REKT the high leverage shorts before plummeting to the next 1.272 FIB extension...
