To answer the question as to how people are coming up with $6200 BTC. If we just finished the second wave(leg 3 and 4) and heading up on third wave(leg 5) going to the Fibonacci 2.618 Level
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To be clear I am NOT saying this is necessarily what I think will happen. I am thinking we could test the $3000 level again. Actually hoping we do as for some stupid reason I cancelled my $2950 - $3150 buy level orders on thur night and only had the $2850 in place, so i missed the $2917 dip.
We are still in the descending pattern until we break out of that we will continue to trend down.
If we test $3000 and it fails, $2500 all the way down to $1500 - $1800 are possibilities, I think those are less likely, but just buyer beware.
We are still in the descending pattern until we break out of that we will continue to trend down.
If we test $3000 and it fails, $2500 all the way down to $1500 - $1800 are possibilities, I think those are less likely, but just buyer beware.