Understand the mistake- 03/04/2018- BTC

I was waiting for a 6K but it never happens and now the reason is obvious on the daily:

6.4K is the 100 fib extension, the new question is: is it wave 3 or wave C ?

At this time it is too late to play the first wave up but with time and patience the second is a possibility. Never act impulsively.

8K is a strong resistance and we can expect to go there in three corrective wave ( if the 5 Big Bearish Wave structure of the daily is right). Here in the 2H we have a buying target between 6.9 and 7.05k.
Note that the previous structure was a 5-3-5, showing how hard it was to go lower.

Always learn from your mistakes and be ready for the next time.