BuyBitcoins

BuyBitcoins

Maybe this is it?

BuyBitcoins

Just a little more to go...

BuyBitcoins

A much clearer forecast

BuyBitcoins

Just a closer picture. The time to complete this wave should be faster.

BuyBitcoins Updated 

I actually enjoy questions and comments (both positive and negative), so please leave them. My thoughts: 1. Note that wave 2 is a triangle that is essentially sideways. Wave 4 typically alternates, in this case a sharp bounce. 2. The ultimate target of .01 makes the most sense as most zigzags finish at the 161.8% fib of wave ((A)). There's little reason to...

BuyBitcoins

Looks like the support at .02 just blew away

BuyBitcoins

Wave iv finished much quicker than I thought. Expecting a nice bounce from here

BuyBitcoins

Boring movements coming ahead. Probably better to wait for a short re-entry higher

BuyBitcoins

The upside is limited to .0261 for now

BuyBitcoins

A very good position to open a short here, expecting support BELOW .022. Personally, shorting for the first time.

BuyBitcoins

No structural changes, just a correction. Just remember, nothing goes straight up or down. The minor counts are just a guideline as to what to expect.

BuyBitcoins Updated 

The key to the whole structure was the failure to break .03, the 61.8%. All flats MUST be have a ((B)) least 61.8% of ((A)). I would give the minimum target of .02 a 20% chance with .015 more likely at 80% chance. The path is just a rough guideline as to what to expect.

BuyBitcoins

The target of .015 is a real possibility

BuyBitcoins

I believe I was completely wrong and this will be a zigzag after all. The failure of making a higher high means we will see sub .02

BuyBitcoins

I suspect we will see an impulsive wave to .03+ from here

BuyBitcoins

Not much has changed, still expecting a high of around .033 in the short term.

BuyBitcoins

Not much more to add on my previous chart, just fixed some minor details.

BuyBitcoins Updated 

The recent failed impulsive 3rd wave changes things significantly. We are most likely still in a correction. It is difficult to find ((C)) until more information is available. Corrective patterns especially on lower time frames are often difficult to analyse. What we can be certain of is, this is not impulsive. Thanks to DanV for his views.