user100000
Short

Expanding leading diagonal update

BITSTAMP:BTCUSD   Bitcoin / Dollar
The market traded below wave (4) at 287.34 so we can be certain wave (5) has ended and wave 3 is "in" at 296. Wave a of 4 is now underway. I'm expecting a crash down to wave ii at 262.67. After a parabolic rise markets usually crash especially after an extended fifth wave. The market will have to trade sub 246.24 in order to overlap with wave 1 and complete the zigzag wave 4 pattern (part of the larger expanding diagonal pattern)
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