I had posted a similar chart previously, but I was using BitStamp exchange without noticing. This one is on Bitfinex and it should follow the pattern a bit better. I am expecting BTC to move up to around $4400 - $4500 wave (B) before a big drop to the $3600 wave (C) comes along. Then a run back up to wave (D) around $4200, if BTC doesn't break over $4200 then we might see a final wave (E) down to $3k.
Trade active:
BTC has made it to the top of the corrective wave (B), we should see it work its way back down to wave (C) down to the $3600.