Bitcoin - A nice little S/H/S top confirms wave E is developing
Wave D peaked nice near the expected resistance-area and now a nice little S/H/S top confirms that wave E is developing.
The ideal target for this E-wave is seen at 3,655, but be aware that triangle E-waves can be sub-normal and complete the triangle consolidation prematurely. Once this wave 4 triangle is complete a strong rally is expected in wave 5.
A Bitcoin seems to have a tendency to extend its fifth wave rallies, that could call for a rally all the way to 9,150, before topping.
The ideal target for this E-wave is seen at 3,655, but be aware that triangle E-waves can be sub-normal and complete the triangle consolidation prematurely. Once this wave 4 triangle is complete a strong rally is expected in wave 5.
A Bitcoin seems to have a tendency to extend its fifth wave rallies, that could call for a rally all the way to 9,150, before topping.
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