digg135

5th wave yet to complete in BTC.

BITSTAMP:BTCUSD   Bitcoin
Here's the current snapshot of the more popular labelling of the 3rd, 4th, and 5th wave on BTC. That labelling sees BTC making a small correction then one final push that will likely take us to 25k. It's clear the 5th wave is not fully formed as it has not completed it's 4th wave correction and it's final push that will be the 5th.

In my previous post, I labelled it a little bit differently. In that chart, the 5th wave is just beginning. This means that a potentially long 3rd wave and 5th wave could take us closer towards 30k. The difference in the scenarios is how much upside there is left before a major correction.

Either way, at least one more impulse wave to the upside is expected before a major correction.

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