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Saint_Pump
Apr 1, 2018 3:39 AM

4th Corrective wave? Long

Bitcoin / DollarBitfinex

Description

I anticipate more sideways action during the next upcoming days.
As you can see we landed a perfect 1:1 extension from the pivot of the 1-2.
While digging deeper into the current waves, i see a potential corrective pattern of a higher degree that what can be seen on H1-H4. I will post the chart in the comment.



If you have something different, feel free to post it as a comment, it's always enlightening to see alternative counts.

Comment

Comments
zerr0ne
I think we didn't finish wave 3 yet, one more to go, just in progress, check my count:
Saint_Pump
@zerr0ne, Thanks, i also have something similar in mind but if we indeed didn't finish i still don't believe that the correction is done yet.

the 4th wave would be too small regarding time scales
zerr0ne
@Saint_Pump, If you consider wave 3 not to be finished yet, then yes, it does fit the others, zoom in on a smaller timeframe! IMHO we are on subwave 5 of wave 3, wave 4 will come after that, maybe up to 8k depending on the bounce, then we go considerably lower after that...
Saint_Pump
@zerr0ne, Just saw what you mean, it's actually a pretty good count.
zerr0ne
@Saint_Pump, unfortunately...still hoping i'm wrong somewhere on the way down...but yeah...let's collect some cheap BTC...
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