Were are we at?Bitcoin / U.S. dollarBITSTAMP:BTCUSDHBergmannHello fellow traders! So were are we at regarding this downward trend? From elliot perspective the 2nd wave was very clean a,b,c with exactly 61.8 on the fib! The big drop from there is a 3rd wave that is still ongoing! So the recent complex correction that we been having is 4th wave off that 3rd wave so what im anticipating next is a 5th wave of that 3rd wave. My targets is as following on the 5th wave off that 3rd wave. 50.573 47.267 43.962 This current downtrend is very similar like we had in the last one! Currantly im waiting for a conformation off that 5th wave off that 3rd wave and i am anticipating a developement in the coming week ahead off that conformation. This is my take on current down trend! How is yours? This is not a financial advise. I will do a update in the week when we have seen some development. HBergmann!