Elliott Wave Analysis of BTCUSD/BITSTAMP; 4H

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm leaning more to this triangle count for the red b wave. I assumed the b wave was over but from the way the market is behaving trading sideways and taking it's time is very triangle like. The a wave is unusually long but it is a 3 wave structure. The b wave is unusually short vs wave a but no rules are broken and looks very much corrective with many overlaps. This shall be my main count.
lol rocket fail, free fall
-2 Reply
user100000 elgoranie
Take advantage of the triangle to accumulate and enjoy it while it lasts
+2 Reply
So we can dip down to 226 without being invalidated?
user100000 rivet.popper
Yes... as long as the bd and ac connecting lines converge
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