user100000
Long

Wave (e) triangle

BITSTAMP:BTCUSD   Bitcoin / Dollar
361 2 5
The wave (e) triangle seems to be finally complete now and by extension the larger b wave is also complete. The minimum target is 326 based on the expanding diagonal where wave 5 must be larget than 3. The measured move based on the triangle's dimensions is about 340. We have to see how red wave c unfolds for a more precise projection.
rivet.popper
2 years ago
I don't think a 30 min chart works for this, especially since we don't know exactly when the uptrend begins. You'll only see a long straight line past your airplane when hitting play. Better on a daily or even 3-day chart.
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user100000 rivet.popper
2 years ago
What you say makes sense, but I'm trying to pin point the exact moment of the end of wave (e) and the start of wave (i) which is part of the new c wave. The uptrend began at exactly 234 on the above chart
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