if BTC takes out current high ~ 38.9k, look for wave 2 to complete at targets as shown.
S/L just above the 1.618 as shown.
Targets below as well.
wave 3 will be equal leg of wave 1
and wave 4 will be equal leg of wave 2.
target for wave 5 will be determined once 3 and 4 are in place.
avoid being greedy, take profit at target before as market can easily turn if it wants to we are already very oversold and deep down from ATH , however the bearish sequence is still incomplete in cycle II.