DanV

Bitcoin - In Triangle in Wave 4 Consolidation & its Significance

BITSTAMP:BTCUSD   Bitcoin / Dollar
2921 2 23
This is not a new chart necessarily. It should be considered in conjunction with my previous chart also discussing Triangle formation in Wave 4 . In this chart and the Youtube live session I wish to cover the Significance of a Triangle in Wave 4 Consolidation to illustrate the value or EW analysis when applied correctly and interpreted correctly whilst nothing is 100%. Here is the link to the Youtube video http://youtu.be/Nnpdt2YABY8
MickyS PRO
2 years ago
Hi DanV, it seems that this chart analysis of yours have played out almost perfect when the price hit the support line at $337. Do you think this might be the possibility for the trend reversal in contrast to your latest analysis suggesting lower area?
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DanV MOD MickyS
2 years ago
Hi. Thanks. I think we are in our final leg down with possible low in the region of 320-300 area . Check this other chart on smaller time frame for details.
Bitcoin-BitStamp - Short Term Bearish Cycle to Resume

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