BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
i like this count better. it seems to have the right look. waves a & b are complete. wave c is underway; ( iii ) possibly extending. target is 320 for the end of wave c/((v))
Don't you think this must retrace more significantly before we reach $300? I'm seeing 3 clear impulsive waves currently looking to complete at around 290...retrace would be back to 260s.
Or do you think a' major' retrace will not happen until we've hit 320s?
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user100000 johnrfraser
i don't know where exactly is the end of wave c/((v)). the market did manage to go beyond the minimum target which was 287. so, anywhere between the minimum and 320 could mark the end of wave a of 5. we can use macd to help us identify wave three to calculate where wave five will end
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agree..although.. i think 303 - 315 is gonne be top.. ..
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