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
dont know if so much upwards momentum possible again after such a large dump, maybe 5th wave will fail?
user100000
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it is very rare for wave 5 to truncate. unlikely
IvanLabrie
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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.
user100000
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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+)
user100000
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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))
rivet.popper
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Down to 152?? Do you mean 252?
user100000
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152 bitstamp bottom. end of impulse wave down... now, market is impulsing its way up to 400+
rivet.popper
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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?
user100000
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i may not have used correct grammer. yes wave 5 is next as soon as wave 4 has completed