Cardano possible retracement targets and going for the 5th wave

17 באפר׳ 2018

We've hit 2.62 fib extention for the 5th wave so this is little bigger than I expected. Now since (3) is completed we need to retrace to a region above (1) and often between smaller III and IV wave (from the bigger (3) ). Since (2) was deep - we can assume (4) will hit 0.382-0.414 -> and it is also in the range of those smaller III and IV waves.
After that we can target where the 5th wave can end.


I missed the top here and noticed we already wend down a little bit. R:R is not great to enter short position here so it will be better to wait for 4th wave to finish (also btc might stop dropping simultaneously)