digg135

5th wave yet to complete in BTC.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here's the current snapshot of the more popular labelling of the 3rd, 4th, and 5th wave on BTC . That labelling sees BTC making a small correction then one final push that will likely take us to 25k . It's clear the 5th wave is not fully formed as it has not completed it's 4th wave correction and it's final push that will be the 5th.

In my previous post, I labelled it a little bit differently. In that chart, the 5th wave is just beginning. This means that a potentially long 3rd wave and 5th wave could take us closer towards 30k. The difference in the scenarios is how much upside there is left before a major correction.

Either way, at least one more impulse wave to the upside is expected before a major correction.

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