Raystonn
Long

EW Analysis for BTCUSD - Bottom Is In

BITSTAMP:BTCUSD   Bitcoin / Dollar
The recent low of 152             .40 was the end of our major retracement "C" wave from the ATH             . We may stagnate for a while, but we shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin , turning A-B-C into I-II-III of a 5-wave             sequence down.
Nice job.
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We're at 214 USD on Superbowl Sunday. Is this wave count invalidated?
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Raystonn rivet.popper
No. As you can see in the chart, we are tracing out wave "b". As long as we don't go below 152.40, this count is still valid.
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Thanks for your reply. So as long as we don't drop below 152 (scary), we are still going to a new ATH in Wave 5?
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