giuseppesoio
Short

ww geo completed at point 5''

BITSTAMP:BTCUSD   Bitcoin / Dollar
Hello traders,

wolfe wave reached and validated point 5''.

daily RSI toppish

look for 61.8% fib retracement - WW model eyes 477s.
Comment: point 3 blue of new ww geo seems to be developing (exactly at 1.414 fib ext from point 2).

WW model targets:

1st target 495s (as a 61.8 % retracement)
2nd target 470s. (as level of point 3 red - rule n. 3 of 1-2-3-4-5'' red )

snapshot

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parabens
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i think this is spot on. the same thing happened after the november 2015 run as well. it found support at the last peak.
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Good chart and analysis!
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