user100000
Long

Closer look at the 5th wave

BITSTAMP:BTCUSD   Bitcoin / Dollar
I believe the 5th wave is finally over and the c wave up is finally underway. Note the bullish macd divergence (3 vs 5). The c wave will be the final wave up to complete the large expanding diagonal since the cycle low at 152            

Because of the deeper than expected wave b retracement the target may need to be adjusted to 378
note the wave 1 pattern. that's an expanding leading diagonal. look how tiny wave 1 and 2 are compared to 5. this is the same pattern we have been forming but on a much larger scale since 152 (mirror and flip the pattern). examine how wave 5 spikes and check out the wave 2 retracement.
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user100000 user100000
(flip vertically; no need to mirror)
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user100000 user100000
the wave 1 diagonal above was very difficult to label. it took quite a while for me to unlock the puzzle
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user100000 user100000
(please note: wave 1,2 5 refer to the connecting lines within wave 1; they are not labeled. the upper line connects wave 2 and 4 and lower line connects wave 1 and 3. that is the way to label or indicate diagonals if you're not famillilar with ewp)
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