user100000

diagonal update

Long
BITFINEX:BTCUSD   Bitcoin
the agressive retracement of wave ((i)) has the personality of a wave "two" (deep retracement). i have relabeled wave 4 as a wxy correction. it makes more sense now with wave y as a triangle and is even more bullish than previous count because of the length of wave ((i)). the ideal target seems more within reach. i updated the minimum wave 5 target to 340.61 and the ideal target to 416.49 because of the new wave 4 position at wave e of the triangle.
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