user100000

Elliott Wave Analysis of BTCUSD (BITSTAMP); 4H

Long
BITSTAMP:BTCUSD   Bitcoin
It looks like wave (i) of red wave c is underway.

It's usually possible to project blue wave 5 by connecting the extreme ends of blue wave 1 and 3, but the slope is very steep in this case giving targets of 800 or greater. I think it's best to count red wave c to give us more accurate targets once wave (iv) is "in"
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.