short still to .. 30x buy zone,

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
370 5
what is sais in the title., i think we still need our final mini wave5 down to 30x. bounce back to 320 ish and the big last selloffs to come middterm going to 250 - 230 zone.. and end this big year of correction ..
thinking wave 5 will be an extended one.. because wave 3 was a small one.. not sure if this is allowed in ew officially
Unless we are not going to get usual 5 wave cycle rather we get a zigzag with the current one with 5th wave in progress possibly being just wave a of zigzag.
+1 Reply
so wave 5 doesnt need to be a 5wave pattern?
DanV wonky_tonky
Yes it must also have 5 wave at lower time frame. However, If the much larger pattern we are following or the one I have highlighted is ending diagonal which is 3-3-3-3-3. If correct the this last leg will be a zigzag not 5 waves. However, each leg of the zigzag could well have sort of abc with some section with 5 waves. We could also get double zizgags which would then extend to downside to reach your target but not necessarily in 5 waves sequence.
+1 Reply
thanks i have a lot to learn it seems :)
DanV wonky_tonky
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