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user100000
Dec 26, 2015 2:11 PM

4H EW count Long

Bitcoin / U.S. dollarBitstamp

Description

It seems that was not a wave 4 triangle. I believe the c wave was an expanding ending diagonal that is complete or almost complete. Wave 4 normally retraces 38-50% of wave 3 so it is behaving as it should. I strongly believe wave 5 will be extended because wave 3 was of "normal" size in relation to wave 1; at least one wave of the three impulse waves should normally extend. This is only the first (1) wave of five. It is super bullish until april/may time frame.
Comments
oaksacorn
Nicely done!!!
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