ew-forecast

Deeper Pullback On Bticoint; But Still Correction

Long
BITSTAMP:BTCUSD   Bitcoin

Bitcoin is lower today, so its more than obvious that triangle was not in wave four about as mentioned in analysis yesterday, but it was rather a triangle placed in wave b of four. But what really matters at this stage is that pullback is still corrective, so more time is needed for new highs. Rise above wave b swing high near 2775 will be a confirmation for rise into a fifth wave.

GH

Elliott Wave Service
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