In the attached chart you can see that we just formed a perfect bat on weekly on the lower time-frame. The count also supports this being the end of the pattern by way of the terminal impulse in the Wave v inside of what I believe to be Wave (c). If this is correct it means that this big daily correction on bitcoin is not over, and that we are actually in the middle of a Flat, which means we should get one more impulsive wave to the upside before we get another big dump. Time-wise this all makes a lot of sense because the move from 219 to 244 is too small compared to the move from 294 to 219, which it would supposedly be correcting. Also the dump starting from 245 high retraced very slowly and still has not broken the 219 low. Also, the end of Wave c of (2) on the lines up perfectly with Quarterly Settlement on OKC . My guess is that we should finally get the really big dump right after quarterly settle.
Other signs that this is are the daily bat that appear on BFX and Houbi, The 76.4% retracement of 295 high, The daily momentum starting to shift up, Daily momentum getting weaker. and Lower time-frame divergences.
An important thing to note: This new wave up should be a Wave c, which tend to have breadth. Meaning, that we should see a collective of altcoins pumping with bitcoin . Since most of the alts are pinned against bitcoin , chances are that these are going provide much larger percent gains than bitcoin . I am personally going to keep my eye on XRP, Dash, STR , and LTC, however, I'm sure there may be others that will pump that I'm not watching.
Tips: (BTC) 1N7YB8HMzrmtSG8GdZ5b2gdERwENqoSBq
This chart is still in play. If we complete this impulse before breaking 1610cny on the 4H median chart we will have most likely completed a 5th Wave Failure for Wave 5 of c. This means it will retrace very quickly and we should begin the journey to 209 and below.
The alternative is that we form an extension and have a powerful wave up similar to LTC. Based on this chart:
1610 is the confirmation line. If it remains unbroken I will be entering in shorts. If it breaks I will be adding to my long.
In the event that Wave 5 IS longer than 61.8% of Wave 3, it will most likely mean we are in a 3rd wave extension, and that we could take a shot at 280+
My guess for BTC is that either we go to 260 like this published chart says OR we could even do something like this considering how much momentum we have.
I actually think something like that is very likely, however, I'm just going to take this one day at a time and see where it goes.
Also it should be noted that BTC could go all the way up to 350, basically I am just gonna hold until I see momentum slowing down on the higher TFs.
Unfortunately I am on weekly futures for both so I am may get settled out of my position before it reaches an optimal close point, Should most likely switch after I close out of these positions..