BITSTAMP Daily

there is a possibility that wave (circle) v is extending too. this is rare situation where two waves in an impulse extends but it does happen. if it does extend the likely target is 100% of waves i~iii which is around 2600+ (see pink arrows). it is quite close to where wave 3 is 261.8% of wave 1 which is "classic" extended ratio for an extended wave 3 so it wouldn't surprise me if the market reaches that level (2600-2662) before a wave 4 correction starts