DanLaffas

Do we have a Wolfe Waves Pattern forming on the Daily chart??

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
While I don't know a lot about the Wolfe Waves pattern, I am wondering if it could be possible that we have one developing on the daily time frame. It may be too early to tell and I'm just jumping the gun a little.

I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the 3-5' line (currently the dashed blue lines - assumed).

The dashed green 1-4 line is also assumed as we need that fourth point to complete the convergent lines and see a declining wedge .

Time will tell my friends. If you have any advice, comments or amazing abilities (looking at you 4xForecaster) please chime in.
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