Worked with Bitstamp chart tonight to find starting point of $680.
Wave 2 - 0.5 retrace.
Wave 3 - 1.618 extension of Wave 1 + overshoot
Wave 4 - Went past 0.5 max allowable retrace.
Wave 5 - (Tricky) From 0.5 max Wave 4 retrace, we get interaction at target $7126. Included the Wave 4 absolute bottom as well to cover all bases.
Wave 5 subwave chart is linked for those targets if you'd like to compare.
Wave 2 - 0.5 retrace.
Wave 3 - 1.618 extension of Wave 1 + overshoot
Wave 4 - Went past 0.5 max allowable retrace.
Wave 5 - (Tricky) From 0.5 max Wave 4 retrace, we get interaction at target $7126. Included the Wave 4 absolute bottom as well to cover all bases.
Wave 5 subwave chart is linked for those targets if you'd like to compare.
do you think we will hit 2.618 fib target?
in my eyes, since we're holding above 1.618 currently, we will realize the 2.618 fib...