1-2-1-2 impulse wave

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I no longer believe there is an expanding diagonal pattern. The price action seems to have a strong wave three personality; a drop below 246 for the overlap idea is unrealistic by early Nov. Circle wave iii             extended by 2.618 of circle wave i which is a common ratio for an extended third wave. The target for the larger wave 3 degree could be 2.618 of wave 1 which is 349.10
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