TradingView
user100000
Jul 11, 2015 8:43 AM

Wave c update Long

Bitcoin / U.S. dollarBitstamp

Description

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)
More