BITFINEX:BTCUSD   Bitcoin / Dollar
253 3 3
Been trying to work out what this breakout rally is all about.
Wave 4 was v unclear. Realised now it is probably an expanded flat.
This makes the 244 run a corrective move rather than a new impulse bull run...and means wave 5 is underway...towards 200.
Fine work. My analysis is identical to your own. Also notice that the end of wave C is at an almost exact 0.618 retracement of wave 3.
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Thanks ankh. Watching this as 227 is .62 retrace of the rally and it could still be a wave 2 of impulse up.
Bought here as planned as anything can happen from this junction I think:
snapshot
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Looks like this on my portrait screen:
snapshot
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