buergernamebenutzenistillegal
Short

C as EDT in BTC-USD -time to publish this one

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Excourse on EDTs:
3-3-3-3-3.....that's the way it is internally structured and becomes visible after a while and with the first overlapping waves ...the 3 parted waves are forming an 1-2-3-4-5 labelled EDT Overlapping waves which begin to contract in length , where the first 3-part( abc ) wave ,labelled 1, is the longest, and wave 5 is not allowed to be longer than wave 3.

The original chart drawing was done here on 20th January developed as can be viewed by pressing play click button ...I considered it too early to talk of EDT by then ...I only showed a screenshot as a comment in the recent BTC-Trade linked below.
Due to the prophecy visible when clicking play I find it ripe now for publishing, as an EDT structure running its course now becomes more probable .

This specific ending pattern, called Ending Diagonal Tirangle ( EDT ), forms in the 5th Wave of impulses or as complete C-waves in corrective moves instead of a regular 5 way impulse , particular as C wave in BTC-USD where the EW-Rules would not allow a regular 5 wave impulse count method, because of a distinct i-iv overlap in the assumed C wave...

An EDT is rather seldom in bigger timeframes but is from my viewpoint a viable EW-projection by now, which would allow the correction in BTC to persist and make the whole correction last till early February and crossing the "line of horror"...otherwise the low is in already and we will see BTC gain up-momentum somehow to reassume its rocket rise....but the reluctance in price recovery is visible and the intime down I discuss here speaks different...
Comment: look at the 15 min Timeframe analysis to checkout the conclusions drawable from accurate EW-Counting.
Comment: most actual Count Pic
It's always great to see that someone has the same count! Thank's a lot for sharing.
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@cryptoprom, the honour is quite on my behalf, thank you C-Prom...
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this is great man, i was looking for this cause everybody waits a 5 waves pattern and it is not happening
thanks for the analysis :)
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great job! thanks for sharing! :)
+1 Reply
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