user100000
Long

Expanding leading diagonal update

BITSTAMP:BTCUSD   Bitcoin / Dollar
The diagonal pattern is now officially an expanding diagonal. Wave 3 (underway) at this point is longer than wave 1 (i.e. not contracting): 49.88 > 48.12. Wave ( iii             ) did not extend. The advance stopped at 1.618*wave (i) which is a typical wave three fib extension. Wave (iv) is now in progress and depending on the pattern, e.g. triangle, the fib extension tool may need to be adjusted for better target accuracy. In an impulsive wave, it's normal to have at least one of the waves (i, iii             , or v) extend. Since waves (i) and ( iii             ) were "normal" size I believe wave (v) will very likely extend and may be equal in length to the distance traveled by waves (i) and ( iii             ); see the 100% level line (~294)
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out