BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
i believe wave 3 has completed with an extended ((v)). wave 3 was only 161.8% of wave 1 so it is considered "normal" size. we may get an exteneded wave 5 (100% of (1~3)) after trading sideways for a bit

macd confirming 3
dont know if so much upwards momentum possible again after such a large dump, maybe 5th wave will fail?
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user100000 Noobincrypt
it is very rare for wave 5 to truncate. unlikely
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IvanLabrie user100000
IF it was a 5th wave...
If it is something else entirely, then anything can happen.

Show me BTC climbing strongly above 302, then strongly above 461usd, and I will consider an upwards move.
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user100000 IvanLabrie
im assuming this is an impulse wave (five waves) because wave 5 of C has completed. so we should get two impulse waves back to back (down to 152 then up to 400+)
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user100000 user100000
whenever wave ((v)) extends such as in this case market never fails to "crash". short term traders can make some good profits if they recognise an extending ((v))
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rivet.popper user100000
Down to 152?? Do you mean 252?
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user100000 rivet.popper
152 bitstamp bottom. end of impulse wave down... now, market is impulsing its way up to 400+
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rivet.popper user100000
Ok, I misunderstood you then. The crash to 152 is in the past. The next wave is up after this dip today to around 260?
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user100000 rivet.popper
i may not have used correct grammer. yes wave 5 is next as soon as wave 4 has completed
+2 Reply
jfun user100000
where should wave 4 end?
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