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?
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
agree..although.. i think 303 - 315 is gonne be top.. ..
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