Kappy
Short

Bitcoin short-term Elliott Wave Count

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The final leg down is possibly underway - Wave 5 of (C) of ((Y)) of II based on my primary long-term count (links below).
Today's intraday low of 210.12 broke below the black wave 1 keeping this count on track.

Bearing an expanded flat correction for wave 4 (blue) or wave 2 (black), expect a steep impulsive decline for wave 3 (black) of wave 5 (blue).

Also, start watching momentum indicators MACD, RSI, and Stochastic for weakness and divergence (in waves 5) relative to waves 3.

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out