BTCUSD recent cycle low is already in at label "I". It was 13 week perfect cycle duration. The window has already passed by 4 weeks so that was the "low". That's one good reason we are moving up. The next cycle low should be on the week of July 6 which may be my green (b) wave.
The final c wave up of this expanding diagonal is underway. Orange wave ii seems to have completed recently. I just want to clarify, the pattern since the 152 low isn't a correction as many seem to think. It's a leading diagonal wave (a) of a large multi-year expanding diagonal pattern. This wave will be much more explosive than previous "bubbles" because it is...
WXY correction for wave ii fits well; retracing a typical 62% of wave i. It seems (almost) complete. I'm expecting wave iii to extend because of the large base building action. Strong foundation for a large move
It looks like a flat correction for wave 2. It seems complete. Wave 3 is underway. This should go up strong to 270 at least. So far, I'm not seeing strong and broad wave three personality yet. Waiting for the increase in volume, volatility and optimism
I'm expecting spike to 270 at least as this is wave 3of3of3 so it should have extreme bullish price action. Next 24 hours should tell us there is no doubt we are in a bull market
Wave iii underway. Our first impulse wave and its correction is "in". Wave 3of3 should take us closer to 270
I believe the market is in the early stages of pink wave iii. I have drawn prelim channels to help me visualize the impulse waves of the different wave degrees
Impulse waves sometimes do not channel well if wave 3 is strong and wave 4 takes some time. By connecting wave 2 and 4 and drawing parallel line through wave 1 it's possible to project wave 5 in such cases as shown by the channel. + 3 vs 5 bullish divergence + expanding diagonal occur in wave one
The 50% retracement of wave i is more typical of wave ii behavior. The expanded flat correction is over or very close to being complete. Wave iii should start soon.
I believe the wave ii correction was an expanded flat. Because of the market strength the b wave exceeded the origin of wave a.
I believe the wave ii correction is over. It was a shallow retracement of only .382 which indicates market strength. Once 240 is taken out that will confirm an impulsive wave is underway. Prelim target is about 320 for wave (iii)
I believe the first wave of (iii) has completed its expanding diagonal. A retest of the breakout line is underway then market should resume strong uptrend
I believe wave (iii) is underway and opened with a mini expanding leading diagonal as wave one. Expecting a breakout of the "downtrend" line so wave 5 of the diagonal could complete
Friendly warning: Leading diagonals occur in wave one of an impulse wave. I hope this info is of help to you.
Red wave c started with an expanding leading diagonal (wave (i)). Remember, diagonals are usually deeply retraced just like this one. I'm not sure if wave (ii) is over or not because it can stretch time becoming a WXY but eventually the correction will be over and wave (iii) will resume.
Here is what I believe is underway so far. I believe the pink wave i is a lower degree wave and is part of future purple iii. Pink wave iii of purple wave iii should be very powerful and "vertical". As you may know, most powerful wave is wave three of three...
It looks like wave (i) of red wave c is underway. It's usually possible to project blue wave 5 by connecting the extreme ends of blue wave 1 and 3, but the slope is very steep in this case giving targets of 800 or greater. I think it's best to count red wave c to give us more accurate targets once wave (iv) is "in"
Here is another recent example (Gold) of an expanding leading diagonal. As you may know, this is the BITSTAMP pattern I think is unfolding since 152 mid January. BTC's diagonal is wave (a) of ((5)) which is part of a massive expanding diagonal underway since 2.22 four years ago