user100000

Leading diagonal; Wave (1)

Long
BITSTAMP:BTCUSD   Bitcoin
Wave 1 seems to have a three wave structure so it makes sense that a diagonal may be developing for wave (1). Each successive wave will be larger than the previous wave if this is an expanding diagonal. So Wave 3 will be greater than 1 and wave 5 will be larger than 3

Of course, the fibs will have to be adjusted to match the actual market price levels
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