05May2015_BTCshort-mediumtermUncertain2Up
I reckon the odds in favour of that consolidation I was expecting[purple oval(s)] are diminishing, and given we've stayed above that long-term blue trendline for a fair bit of tme(and not just wicked/spiked above) suggests we're headed to meuhnn, but I ain't too convinced yet.
Also note we've had a clear 5-wave impulse since the 5-wave 5th dive from 239 to 214 that rose further than 239(the prior 4th wave). Expecting an a-b-c correction(that will hopefully stay above that longterm blue trendline) before a violent rise. And I'll have to rethink things a bit if we crash below 229ish(50% of the last 5-wave upmove)
Also note we've had a clear 5-wave impulse since the 5-wave 5th dive from 239 to 214 that rose further than 239(the prior 4th wave). Expecting an a-b-c correction(that will hopefully stay above that longterm blue trendline) before a violent rise. And I'll have to rethink things a bit if we crash below 229ish(50% of the last 5-wave upmove)
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