Elliott Wave Analysis: BTCUSD Can Be Trading In Final Wave Five

BITSTAMP:BTCUSD   Bitcoin / Đô la
Bitcoin is unfolding an impulsive pattern to the upside, which means that red wave 4 correction has ended around the 1800 mark. We now see a five wave impulsive movement which unfolded in black wave 3 and found a top near the 3000 level. Wave 3 can so be completed and recent pullback could represent black wave 4 correction. That said, if wave 4 correction is completed then we can expect a new recovery to follow into the final black wave 5.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Bình luận: *If wave 4 correction is completed then we can expect a new recovery to follow into the final black wave 5, but if price contniues from current levels lower, then it can be safe to say, that a top has been already placed and that a depeer correction can be in progress.
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i hope on further wave 5 you forget to blue A, b, c? reply if am wrong or Right.
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@fight490, Current sharp drop can be start of a deeper corrective structure. We can see it as black wave A/1, B/2 and C/3.. if it continues to decline, then a five wave move lower can be in play.
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Neither is minute wave 2(blue) equal to minute wave 4(blue) in what you have shown in minor wave 3(black) equal in time or size.
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ew-forecast AlishaSingh
@AlishaSingh, No they do not need to be equal. Wave 4 is usually more complex and slow
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Major discrepancies which is quiet surprising considering this is the official page for ew-forecast.com which even a beginner elliot wave analyst can pick up. How on earth can you consider that minor wave 2 (in black) is equal to minor wave 4(in black). They are neither similar in time nor size. Not sure what kind of elliot wave you preach
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+1 Phản hồi
ew-forecast mmitkevich
@mmitkevich, yes it can go as shown.
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Great job friends as always! How would you label this whole 5 wave move up from nothing to 3k+?
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@aibek, Hi and thanks! Well it could be a higher degree wave A.
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aibek ew-forecast
@ew-forecast, thank you for a quick reply!
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