Now that the high earlier in the week has been taken-out, after completing a
3-wave (
ABC ) correction, it appears
Bitcoin is now forming the final (5th-wave) portion of a larger
5-wave structure. The 1st wave equality projection target is a few hundred
points higher from current levels, in which price-action has seemingly
respected the psychological 6000 mark as temporary resistance. If
Bitcoin can maintain support by Monday's peak, it should have enough momentum to complete wave-5 of a (big)
5-wave impulse.
