user100000
Long

Elliott Wave Analysis of BTCUSD/BITSTAMP; 4H

BITSTAMP:BTCUSD   Bitcoin / 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?
Reply
user100000 rivet.popper
Yes... as long as the bd and ac connecting lines converge
Reply
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