BTC. I am waiting for the end of the fall at $ 4750.

15 nov 2018

After a long consolidation, which began in late 2018, sellers were able to break the triangle down. The sharp drop was due to the fact that:
1) Stop-loss of buyers and their positions began to close at the market price
2) sellers after a long systematic closing of marginal positions began to actively open them:

After the start of the fall, the buyers initially closed their positions, and then began to increase x as well:

Now the price is approaching the bottom of the wedge trendline, in which btc is traded from March 2018.
However, I think that after the consolidation, which lasted for 3 months, it is possible to break this wedge down. Moreover, if we analyze horizontal volumes, at $ 5550 there is not much liquidity to stop the fall, but a rebound is possible.
My global target is $ 4750. If my wave analysis is correct, then the price is $ 4750 global C = 0.5A:

And the wave c = 0.618a:

Also, in this price zone there is enough liquidity to stop the fall and start growth.
The first target of $ 7500 growth (correction of 0.618 from the global wave C). And then I will analyze it as the script is worked out.

Of course, I will wait for confirmation of this analysis by volumes, since without them we will again be in long consolidations, as before the present fall.