Short term Elliott Wave view of Bitcoin

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Kinda looks like it might be a small triangle, if you know a little about Elliott Wave , then triangles are very common in a 4th wave position of an impulse wave, so a thrust to the upside would be a terminal move, so if you are long think about cashing out if new highs for wave 5, bullish above 2385


You make a basic case for the current upside move's potential. However, why do you think the correction is complete, and do you have a supporting wave count for the correction, and prior. Most of all, why is this recent spike approaching all time highs, not the B wave of a Flat that began in June? Thanks.
@RogueDave, Hello, the decline into the recent low was 3 waves, so I favor its all of a 4th wave, new highs i think end a large 3rd wave so need 5 waves
@RogueDave, If it is only 3 waves, then a reversal is needed below 2385 to suggest a B wave of a flat
RogueDave wavepatterntraders
@wavepatterntraders, Thanks for your criteria. To you keep Alternate Counts, because one can never know for sure...
MylesY.Tan wavepatterntraders
@wavepatterntraders, What price range should we anticipate at wave 4 to buy some bitcoin
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out