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
khoilevt
2 years ago
Happy new year my friend :)
+1 Reply
user100000 khoilevt
2 years ago
happy new year to you too. 2015 will be better for bitcoin
Reply
user100000 user100000
2 years ago
count down begins march 27
Reply
Maddie
2 years ago
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
2 years ago
you can see div MACD histogram at from 3 till 5 (small )
Reply
PanScibi Maddie
2 years ago
5 dont need be lower then 3, when it's higer it shows incoming up
Reply
wonky_tonky Maddie
2 years ago
truncated 5 is possible in EW which might be the case.. here..
Reply
user100000 wonky_tonky
2 years ago
yes, seems like it. the wave 5 has a very clear ending diagonal shape. i don't know how else to interpret it
Reply
user100000 Maddie
2 years ago
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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