Looking at BTC/USD, it is providing us with the perfect trade setup to short. Under the wave principle, most rules and guidelines have been fulfilled here. This doesn't mean BTC will reach the 0.618 multiple of the wave 1-3 leg, but there is a very high possibility it was continue to drop from here. Triangles are most commonly formed in 4th waves of an impulse...
A clear primary corrective wave with a lower degree impulse wave already in play. We believe that price will look to reverse from the 0.618 which will initiate wave 3 of wave 3 of the lower degree. Our final target remains at 1.23000.
