piriya33

Bitcoin USD tests target

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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In october I drew a target box for BTC usd as seen in the picture.
The price has now reached that target.

The next few movements will determine the general direction of the coming trend.
My question here is.
if the target holds and price drops -> Wave 4 hasn't ended.
if target doesn't hold -> we're looking at the fifth wave that will most likely make up a major wave 1 within cycle wave 3. Expect a long period of correction after the rise have ended. (Target is not in view here)

Also, my system went long on the 8th Sep 2016
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