Elliott Wave Analysis of BTCUSD (BITSTAMP); 4H

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It looks like wave (i) of red wave c is underway.

It's usually possible to project blue wave 5 by connecting the extreme ends of blue wave 1 and 3, but the slope is very steep in this case giving targets of 800 or greater. I think it's best to count red wave c to give us more accurate targets once wave (iv) is "in"
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