Bitcoin starting new impulsive wave

Mar 24, 2018

ABC corrective waves that has been going on for a day or two, has officially ended and now we are on wave 3 (yellow).
Now we are currently done with the wave 3 (green) and wave 4 and 5 is expected soon.
I targeted the wave 5 to 1.618 fibonacci extension of wave 1(yellow) as wave 3 (yellow) falls beautifully into 1:1 extension of wave 1 (yellow).

Mar 24, 2018

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sorry let me correct myself. We are on wave 1 (yellow) of the bigger wave 3.

Mar 24, 2018

Note

What seems to be the green wave 4 is heavily supported by the 0.382 fib retracement of the 1:1 extension of the green wave 1.
I know green wave 1 and 3 overlaps a little bit, but this could absolutely be tolerated if the candle stick closes above the 0.382 fib. In this case both of the wave 1 and 4 is will be composed of upper shadow and lower shadow, respectively.

Mar 24, 2018

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