user100000
Long

wave 5 complete

BITSTAMP:BTCUSD   Bitcoin / Dollar
399 9 8
there is a strong possibilty the bear market is over, the final wave seems to be an ending diagonal . wave 5 is truncated ending above 275

there is missing data on 26th so i recreated that missing wave 2. it looks like an ending diagonal on another charting service

there is the macd bullish divergence (3 and 5)

that's it. it's over! back to ATH            

happy new year
Happy new year my friend :)
+1 Reply
user100000 khoilevt
happy new year to you too. 2015 will be better for bitcoin
Reply
user100000 user100000
count down begins march 27
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I'm sorry to tell you but there is no bull div from 3 till 5....
Point 5 isn't lower than point 3 so invalide
Reply
khoilevt Maddie
you can see div MACD histogram at from 3 till 5 (small )
Reply
PanScibi Maddie
5 dont need be lower then 3, when it's higer it shows incoming up
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truncated 5 is possible in EW which might be the case.. here..
Reply
user100000 wonky_tonky
yes, seems like it. the wave 5 has a very clear ending diagonal shape. i don't know how else to interpret it
Reply
thanks for correcting me. if 5 had a lower price level than 3 it would diverge most likely. that's what 5s do
Reply
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