ASA2001

Wave 4 mimicking Wave 2 in correction BITCOIN

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BITSTAMP:BTCUSD   Bitcoin
Something very interesting to look at is how this 4th wave is mimicking the 2nd wave. If you take a look at how steeply wave A rose, and then consolidated down to wave B, it is very similar to how it is beginning to form in wave 4. This is promising to see and I hope C can do the same. It is also good to see that the correction is following a 5-5-5-5-5 formation as this will give me a high conviction of how wave 5 will form, allowing for better predictions in the following week. Stay tuned, as I will let you guys know whenever I see possible other options forming.
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