BTCUSD, 5th Wave not completed yet!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
My EW count seems to differ of opinion and that the cycle is not completed. Wave 3 must extend to at least 1.618 which only the last low had done. In addition we need divergence between wave 3 and 5. There is none, there will only be once the new low had been completed. What is happening here right now is that we are going to make a flag for the final push down or just a deeper up correction (fake out) to complete the 4th wave before the final push down.
For the 5th wave to be valid it must break the low of the 4th and some therefore $5k area is still on the cards, this cycle is not completed so dont get too excited yet, only once we break the last last can we even consider the cycle completed.
Mar 26
That was a quick rejection,... is that a flag about to form on rhe 1hr just above that major all time trendline?? lets see,.. if it forms and breaks out, strap on,... btc about to go for a ride faster than we thought
no worries just done DGB as well
+1 Reply
Great analysis. I too agree and have been waiting for a divergence between 3 and 5. Iv'e loved your past takes on DGB which I believe is only a matter of time before imminent eruption. would love an updated look at Digibyte from your POV. Thanks for the time and great analysis!
+1 Reply
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