Bitcoin seems to prefer to trend within a curve. Note how wave (1) only required drawing a small arc to contain all the price action. However, in order to contain the recent price action, wave (3), I had to draw a much bigger arc to best fit the curve to the recent price action. The straight line which intersects the arc and vertical line is there to show the top of this move. I also allow a similar duration as wave (2) for the wave (4) correction and still remain within the arc borders. This is a rough idea of what I'm expecting to unfold in the coming months