YannickVidal
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BTC USD - Short term uptrend continuation

COINBASE:BTCUSD   比特币/美元
Hi all,

I expect the current uptrend to be continued to first 10K9 USD (Coinbase) and after 12K5 (Coinbase).
My wave count shows end of WAVE 5 of current impulse wave, therefore an ABC correction to .382 fib level of the previous run after which it will continue.

Happy trading.

Cheers!
Thanks for your post.
2 questions: How did you meassure the distance from the current point 5 to "C"?
What makes you think it will correct there? Revisiting the triangle?
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YannickVidal EspressoDopio
@EspressoDopio, Hello, If you take start point of the run (5917) to endpoint of the run WAVE 5 (9994) then you find take fib retracement level .382 which is the bottom of the C WAVE.
If you check historically these steps, you'll notice that BTC likes to retrace to fib level .382 after which to resume the run. Hope that helps?
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YannickVidal YannickVidal
@YannickVidal, It will correct there because these are the fib projection targets, and the 12.k5 one co-insights with the decreasing trend line
This will be interesting to see what happens there and what the market decides. ;-)
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EspressoDopio YannickVidal
@YannickVidal, THANKS :)
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