Move up is coming BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
On the higher degrees it looks like we are about to commence the start of the 5th wave. This could extend fairly high but then subsequent correction down is coming. My targets for downside are between $500-300 This high may reach closer to $1600 but lets see what happens when it tests the next structure upwards. There is also a buy setup forming now so wait for a flag and get in if you feel your account can handle this trade and risk.
We called the moves down for the 4th wave correction, lets see if we can get some nice pips fro the upside as well. Cheers everyone.


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