user100000

Wave c update

Long
BITSTAMP:BTCUSD   Bitcoin
Wave (iii) seems to be complete; not quite touching 1.618 * wave (i), but close enough to the 300 target level. A closer look at the expanding diagonal shows wave (5) to be 1.618 of wave (3) and the final impulsive C wave up looks to have completed the pattern. Wave (iv) projection should take about 6 days as shown by the channel connecting waves (i)-(iii) and touching (ii) for the lower channel line. A typical wave four retracement of 38.2% of wave (iii) at 273 is reasonable. Wave (v) should extend possibly into the 400s since wave (iii) is "normal" size relative to (i)
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