user100000
Long

WXY; Wave (Y) update

BITSTAMP:BTCUSD   Bitcoin / Dollar
The E wave is still underway; note the choppy b wave retracing most of wave a similar to the b waves within waves A and C. I'm expecting one final impulse wave down to complete this triangle and the WXY correction of primary wave 2
I like your wave count for this part of the trend, although it has me scratching my head now. I believe there exists a valid alternate count with a bearish view. For details see
IF Bitcoin breaks to the downside, look as low as $63.
and
A closer look at the primary and intermediate degrees of trend.
.
I'd be interested in your thoughts...although I guess only a confirmed break out one way or the other will settle it. Cheers, A
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