user100000

BITSTAMP Daily

Long
BITSTAMP:BTCUSD   Bitcoin
OK, that wasn't an ending diagonal as previously suggested because the recent move up is already larger than the first leg up. I have moved the extended wave (circle) iii higher to 1892. Wave (circle) v is unfolding at the moment with a target of 2219 which is textbook 61.8% of waves i~iii. Wave (circle) v is unlikely to extend because wave (circle) iii was an extended wave. Only one wave in an impulse wave extends (usually).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.