The abc (red) correction was deep and is now complete. I had expected an even deeper correction given the Bitcoin Wave IV expectation, but as wave i has been placed, the following chart looks probable.
The short term 7 day chart clarifies it more. As you can see the wave C is placed, and the subsequent rise is adhering to an impulsive rise with waves i,ii,iii in place which makes wave iv and v due.
If wave V becomes extended, that would allow a new all time highs.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.