Hi all, Though BTC is moving extremely fast it still seems to reach really proper targets and so far totally respects yesterday's plan. So here's just a quick update to our plan: wave 3 actually got to its next target by reaching a very clean 261.8%, we probably now are in wave 4's retracement which should probably go as far as 38.2-50% or wave 3, which means probably getting back below 22k before pumping wave 5 till the end of our medium cycle and a bigger retracement at that point. Would be pleased to read comments and thoughts from you guys.
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Given the huge bullish strength, wave 4 could also keep as mild as it is now, consolidating around 23.6% retracement ($22,640), after which we'd go up again for our last wave 5.
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So far, so good. A little wave 4 reached 23.6% before bouncing into wave 5 headed towards huge targets of 161.8% ($25,583) or 261.8% ($27,424). Let's see if it keeps going as expected.
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Everything sounding good, we'll probably retrace back to lower targets now, ie. 38.2% ($21,968) or 50% ($21,416) -- 61.8% ($20,848) would even be possible when we finally break the support. Cheaper coin to long to 24-26k.