Ankly
Long

BTC 1D - Wolfe Wave Analysis (short term bear, long term bull)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Potential entry level at 6200 with stop-loss at 5100. At the moment this looks slightly bear-ish, but after the completion of the last wave, I expect a break-out with very big momentum. For marking profit, use the green line as guidance.
Comment: Should this follow the Wolfe Wave pattern, we're actually expecting wave 5 to go in the trading range outlined above, doing a fake breakout through the support.
Are there not two other waves between the 2 and 3 presented on your chart?
Either way trend is looking very, very bearish. But if I'm seeing those other waves correctly, could help determine a move for the 5th.
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Ankly skychall
@skychall, Sorry for the late reply, could you post a chart with the way you see the waves? Would love to take a look.
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