user100000

Elliott Wave Analysis of BTCUSD/BITSTAMP; 4H

Long
BITSTAMP:BTCUSD   Bitcoin
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.