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EWS
2. Okt. 2017 08:30

Bitcoin - Testing the ideal target-area for wave D Long

Bitcoin / U.S. dollarBitstamp

Beschreibung

Bitcoin has now entered the ideal-target area for wave D between 4,391 - 4,425 and I'm now looking for the final zig-zag decline in wave E to complete the triangle consolidation in wave 4. Once this triangle consolidation is complete a strong impulsive rally is expected in wave 5.

There seems to be a tendency of wave 5 extending, which in this case could take wave 5 all the way to 9,150...
Kommentare
danielpugh
That's a good possibility and quit likely. On the flip side it could be 3or 5 legs down (right shoulder of h&s created and down).
EWS
@danielpugh, I will never say never, but in my view the likelihood of that scenario is at best slim...
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