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Petros
Mar 29, 2016 10:27 PM

ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - irregular wave B 

Ethereum / BitcoinKraken

Description

Looks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
Comments
phlogistax
This post is a bit old at this point? But how do you think it plays into the current picture? I'm considering that the last swing low was not the completion of wave C but rather this recent pump is the B wave of the corrective pattern. You seem adept at EWT, appreciate your feedback.
Petros
Hi. Have you got any thougths to support the ide that this is NOT the end of wave IV and the beginning of wave V? Wave C fullfilled all the requirements to consider it complete in my opinion.

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