New downside target

Dec 28, 2017

Now that the pennant broke it can be read as a finalized wave B followed by the wave C in the ABC correction pattern. Wave C tends to be the strongest impulse wave down. So it will most likely be as long as wave A or longer, meaning that we can see the 5000-9000 USD area as a new buying opportunity to pick up new coins. It's a wide range, but you don't want to miss out on 8k coins because you wait for 5k coins.