user100000

BITSTAMP W

Long
BITSTAMP:BTCUSD   Bitcoin
Here is another possibility... Circle 4 has not completed yet (as shown in previous charts) and may actually be a contracting triangle. Waves D and E remain to complete this pattern. A triangle is pattern which appears right before the final move (in this case circle 5)

We can estimate how far circle 5 may climb based on measuring the widest part of the triangle (wave A) starting at Wave E............. in this case around 50K depending on where E ends.
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.