user100000

Simple! 5 wave impulse

Long
BITSTAMP:BTCUSD   Bitcoin
Keep it simple! Let us focus on the most recent impulse wave which started in June. We can assume the 69K top is wave 1 and the recent correction as wave 2. wave 2 may not be over yet but hopefully soon (as a general guide wave two retraces about 62% of 1). So, I am expecting waves 3 and 4 and 5 to complete this impulse wave. I have no idea about the timing, but we should expect waves 3, 4, and 5 to unfold in future.

The targets are rough estimates of a typical impulse wave.

I do think 311K is realistic target.

Please do your own research. Not financial advice.
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