On wave 4 right now, so quite possibly. Wave 5 will shake out all the rest, cuz most will rebuy on wave 4 only to watch it fall again. So low that they will just say fuck it. Only to watch it rebound a few weeks later.... But i think wave 5 will be so hard that most first time investors or people that went all in with money they shouldn't have will be in such total panic that they will puke there coins up for anything! Because whatever the new bad news is, will be such a mind fuck. They will give up hope on bitcoin all together. I am looking forward to just watching how low it gets! The best thing about mining, you don't get very emotional about the price... Quite liberating!!! I should have sold a couple though after the 7,21 cross on the 2 or 4 hour chart... just to double those coins. But there is always the next big run up! Word of advice people, if it recrosses going up and you buy back in, sell as soon as it recrosses going down, so you don't sell so low when you get really doubtful. And if you miss the sell point just walk away from your charts and gets out of the house and forget you even own bitcoin for a few weeks. There is going to be a nice phase of accumulating of coins that wall street and the good traders or people with black boxes will be doing in the next few weeks, they will be buying but the price will keep going lower or will stay low through a nice consolidation period. Will be a great time to buy in. But if you buy and it goes lower just realize that is just them trying to shake you out!