user100000

Elliott Wave Analysis of BTCUSD/BITSTAMP; 4H

Long
BITSTAMP:BTCUSD   Bitcoin
The final c wave up of this expanding diagonal is underway. Orange wave ii seems to have completed recently.

I just want to clarify, the pattern since the 152 low isn't a correction as many seem to think. It's a leading diagonal wave (a) of a large multi-year expanding diagonal pattern. This wave will be much more explosive than previous "bubbles" because it is the fifth wave (longest) of an expanding diagonal

I have already projected wave 5/C in one of my old charts and I'm certain the bear market is over. I hope you were able to accumulate during the past several months. This sideways phase will not last much longer.
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