Bitcoin - Minor triangle likely developing in wave iv/

٢٦ أكتوبر ٢٠١٧

Bitcoin has rallied nicely and more upside remains expected here, but the ongoing wave iv/ correction will likely take the shape of a triangle, which means more sideways trading before the next impulsive rally higher in wave v/ of iii towards 6,722.

Longer term, I continue to expect the ongoing wave 5 rally to blow-off and top near 9,150.