BitcoinLong
(1D) BTCUSD 3-3-5 REGULAR FLAT CORRECTION
THERE'S A CHANCE BITCOIN MAY GO TO $43000. We hit my nominal target of $56000 three times now during this larger time frame correction, which started at the ATH in March. It SEEMINGLY looks like we got the 'final' bounce off the 50% retracement fib @ $49000. HOWEVER, I don't like the way she's just hanging out mid-air between trend lines. This typically gives me the indication that the move isn't over just yet. I've updated my wave counts; looks like we are dealing with a 3-3-5 REGULAR FLAT PATTERN, which may terminate around $43000 nominal, which coincides with the next available support trend line and 61.8% retracement fib. Let's see if this thesis plays out. Just a bit more pain left until we see upside impulse again towards ATH's. Be patient and hang tight! IF that support doesn't hold, we are going to mid-30K.
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