A number of members are looking for the Subwaves of Wave 5 here, so I have added them in now as $BTC is letting off some steam today.
I believe the rally we have experienced from $BTC over the last 12 days was Subwave 3 of Wave 5, as it was quite aggressive and typical of a wave 3.
So I will be watching for a pull back to our Subwave 4 target here which is the green line from the Top of our Wave 3 at $49k.
This dip would be in line with the shallow Subwave 2 dip of Wave 5.
I do not believe the top is in for Wave 5 just yet.