BITCOIN-BULLS Are READY - But We Need The Last Wave Down!

Dear Friends!

We are still following the path down my 5th Wave Ending Diagonal. Let me summarize:

Ending Diagonals Happens When:

- The price has declined extremely fast and too far during wave 1 to 4 due to panic
- Bitcoin is now oversold - Investors has begun to accumulate or buy steadily
- Descending wedge/diagonals points to an accumulation
- Ending diagonal is a complex extended 5th Elliott wave (33333)

Last Update:

Normally you shouldn't guess the bottom - But just for entertainment reasons: 3,224 USD!

Let's See! Have a wonderful day, guys!

-D4!

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Comment:

As you can see there is a clear pattern here on the last wave down! Steep down trend, consolidation to the upside, steep down trend consolidation to the upside and down again.

Pay attention to the one in dark red, where we had a short squeeze, with the purpose of liquidating a lot of short margin traders.

Comment:

It looks better on Bitfinex - Remember ending diagonals only consist of 3-3-3-3-3 waves - 5-3-5-3-5 as normal.

I'll show you a BitMex chart soon, which might indicate we already have bottomed with a 5th truncated wave.

Comment:

I just want to show, that there is a chance, that we now already have reached the bottom! This is a BITMEX chart so don't let you be confused. It's not Bitfinex, so the numbers are different.

But we might already be done with our A wave and the 5th wave, which is truncated as you can see (it means it's shorter than the 3rd wave).

If this is the case we are now on the B-wave and we are moving towards 5,600 USD. Hard to determine right now especially when 2 different charts are giving mixed signals.

Comment:

You should not only follow The Crypto Market - also the traditional markets. Everything correlates.

When will we see a new global market crash? I give you the answer here: