BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
ok, because of the extended wave 3 we really cannot expect much out of wave 5. the market reaching almost the 38.2% level at 6199 is good enough level to complete the impulse wave.

wave 5 is either already complete or may climb to 6538 but in either case i do not recommend to be long for your active trading. primary wave (circle) 3 can end at anytime so its best to be on the sidelines for a while at least until 3500 level

please watch the upper channel line that is where wave 5 typically ends (or close to it)


Thank you for your answer.
Hello user100000.. I must say it is really worth that you keep assessing to situation and not giving up when something goes in opposite direction. So thank you for that. As I suppose I am one of many from backstage who appreciate this. Awesome involvement. Can you share what are your thoughts about Ripple while BTC will move down to our expected level ?
user100000 damdamm
@damdamm, hi, thanks for your support. sorry, i do not follow ripple
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