Btc this is going to be a very hated idea ..Bitcoin / U.S. dollarBITSTAMP:BTCUSDErictaylorBtc looks to me like it’s in the 4th wave of a 5 wave structure. Now it isn’t guaranteed but the rules so far haven’t been broken so if is still possible. If we take a fib extension from wave 1. The high of 57-60 area with 1 wick to 68k.. and bring to the low/start of the rally around 12k this gives us our full extension. Which can reach to as high as 235k For now we reached just about the 1.618 fib during the 3rd wave. A few rules, wave 4 pull back is usually the same as wave 2 pull back if. If it was violent pullback wave 4 is likely the same. This is what we have seen. Wave 4 can not close below the top of wave 1. So far we have not breached wave 1. Usually pulls back above .382-.618 of wave 3. As of now we have. Pulled back almost .618% of wave 3 (that’s around 58k-56k) If this stands true, btc could have a double bottom setup here as we reach this same low for a second time build our base and start our next true rally towards the previous high and beyond. Does not mean it will be an easy non emotional ride straight to the highs, but it does mean we can have longs here with stops below the low of the move as our out. As of now the breakout of 64,200 is happening. If it can hold this is the first pretty solid entry. Otherwise 61k -60 k is solid support holding price. Good luck do you agree? Am I crazy ? Let me know below