I see an A B C for a larger wave 4. I don't think we will drop below the 1.618 level before finishing this push up. First target for the final push up would be the retest of the previous top at about the 11100 - 11580 range. If we are to get an equal A=C extension then it could get in the mid 12000 range. And I am still eyeing the 3200 range for a final bottom which looks to be around August to September.
I left the Fib measurements up so that you can see how I came to my estimation for where I think botcoin will go. I am thinking and hoping it reaches the $11,500 range before starting its final leg down. The only thing is that I am hoping that it brings the Alt coins with it.
Based on this price movement....it is looking like bitcoin wont make a move up until my projected new cycle begins. At that point, al the moving averages will almost be overlapping.
The weekly BBands will be nice and tight by then as well. Calling for a nice big move up. However, I still think we head lower into the beginning of next year.