Bitcoin is quiet around 7800 and we're still monitoring if wave C of the proposed triangle is over or not. A rise about 8000 will negate an ongoing 5 wave decline, and wave D will come into focus. There is a possibility of a wave X developing next to connect an ongoing zigzag. A drop below 7000 will bring the expanded flat into focus. The idea remains that after the correction in wave 4 we will get another move higher possibly towards 10,000 to complete a larger pattern. The daily trend remains up, so we're looking to take advantage of that on corrections. Watch my new you tube video under cryptocowboy account for a deep technical analysis on bitcoin.