user100000
Long

ending diagonal wave count

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
labeled all waves starting from the end of wave 4. to my eyes, the way the market is behaving fits perfecly as an ending diagonal . all waves have a corrective structure (three wave)
So either we are going to see a strong bullish breakout of this diagonal downtrend line soon or it starts falling down another time exactly there.
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user100000 ChartArt
yes ...for sure it will fall one more time if my count is correct. this is wave 4 up so we got one more down wave as you know! (ending diagonal). prepare to wire transfer funds to your exchange! hehe
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user100000 user100000
i think market will touch 368 for wave 4.
good enough for over lapping with 1
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user100000 user100000
regarding over lapping. im not sure if its a requirement. i dont think so. its often how diagonals look like (1 and 4 over lap) but i don't think its a requirement. as long as all waves are corrective and bounce up down within the triangle
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ChartArt user100000
oh, but you posted this as "long" that is why I just said to Grinny that you posted a bullish chart...

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user100000 ChartArt
im always long. please ignore the label
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