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Kappy
Feb 4, 2015 3:01 PM
Bitcoin short-term Elliott Wave Count
Short
BITFINEX:BTCUSD
240
Bitcoin / Dollar
Bitfinex
Description
⋅
Feb 4, 2015 3:01 PM
The final leg down is possibly underway - Wave 5 of (C) of ((Y)) of II based on my primary long-term count (links below).
Elliott Wave
Bitcoin (Cryptocurrency)
short-term
bitfinex
Comments
Kappy
⋅
Feb 6, 2015 1:22 AM
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.
More
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.