Petros

ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V target

KRAKEN:ETHXBT   ETH / XBT
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Here we are at the beginning of the wave V, although I was not correct about wave b of IV beeing irregular, wave c of IV played out as expected. Now we are able to draw wave V price target zone. Based on a Fibonacci 1.618 extension we can conclude that wave V will end between 0.037 and 0.05 BTC per Ether. Wave V will have 5 waves like wave III . Watch them carefully and let the market tell us where it ends.

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