gabrielrapaport

Is this an Elliot Wave forming on BTC?

gabrielrapaport Updated   
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
is this a possible elliot wave forming on BTC 1 day candles?
Comment: If you zoom out to the weekly candles you'll see that the elliot waves there are starting to converge at the top of the 5th leg. If you zoom any further out, BTC becomes completely parabolic and if you zoom in to the hourly BTC has just completed its ABC. This leads me to believe that there will be one last push on the daily candles do to the fact that on the weekly it is still has yet to complete the 5th wave and on the hourly it is on another ascent. I'm watching out for the point where all 3 converge at the top of a 5th wave. Then, i might consider a short.
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