user100000

Truncated 5th wave of ending diagonal

Long
BITSTAMP:BTCUSD   Bitcoin
going back to my previous idea. i believe the 5th wave was indeed truncated. i just cant fit any count that makes sense. expanding diagonal doesn't work because wave 3 should be longer. the larger wave 5 of C is truncated also because market didn't go beyond wave 3 (275). i expected atleast 309 which was equal to length of wave 1

this is very bullish. a truncated 5 of C. truncated ending diagonal. market starting new bull cycle i believe
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.