user100000
Long

Wave 5 ending diagonal

BITSTAMP:BTCUSD   Bitcoin / Dollar
306 2 0
i still don't think it's over. i have connected 1 to 3 and 2 to 4. wave 4 doesn't seem complete. im expecting the market to overlap with 1 (above 369) and then move down towards 309. as long as both trendlines converge it qualifies as an ending diagonal . i still think we have a very good chance at touching 309. thats where wave 1 equals wave 5 on the longer term chart. it needs more time to complete i guess

it wasn't correct to draw a trendline starting at 453. the correct way is to join 1 to 3 and 2 to 4. both lines should converge
superbinge
2 years ago
agree
Reply
user100000 superbinge
2 years ago
you are wise person. thanks for warning (bull trap)
Reply
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