BITSTAMP:BTCUSD   Bitcoin / Dollar
Wolfe Wave BTCUSD             Technical Analysis :

1) Points 1-2 should be FARTHER apart than points 3-4
2) Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case)
3) Points 2-3 are connected by a flat 3-3-5

WW Model eyes point 5.

Look for:

a) impulsive wave for Points 4-5 ( connected by internal 5 points )
b) at least 1.121 fib. ext. for 4-5 leg
c) potential RSI h&s

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WW is invalidated if 2-4 support line doesn't hold.
Comment: If 2-4 line fails ww geo is invalidated. scenario would be very bearish.
ww geo target hit at point 5''- model eyes 470 (level of point 3).
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look for a 61.8 % fib. extension for ww geo 1st target. (point 5).
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Tech-Note:
As btc is heading to ww geo target point 5 (1-3 line) as expected, let's see possible scenarios.

1) point 5 is reached and fails to break above and close above. ww geo target would eye 1-4 line
2)point 5 is broken, btc rallies to point 5'. ww geo target would eye level of point 4.
3) btc rallies to point 5''. ww geo target would eye level of point 3.

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IamCryptoWolf IamCryptoWolf
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DanV MOD IamCryptoWolf
Nice, looks great.
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so far so good. btc following the ww geo geo. I'm looking for a .414 fib. extension that would complete ww geo in point 5 (blue).
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WW geo Target-1 hit (point 5 red). WW geo Target-2 pending (point 5 blue).
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ww geo targets pending.
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That's an excellent list of triggers for wolfe waves. I haven't anyone write something like that for this pattern.
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