50 and 200 day EMA coming in as support and ending of wave 4 pour BITSTAMP:BTCUSD par gthy

trendanalysis indicator waveanalysis bitcoi btc

We are watching 3 different scenarios and this is my main count. Bitcoin is in wave 4 and placing a extended flat ABC. In an extended Flat ABC wave B exceeds the starting of wave A and wave C will exceed the ending of wave A. The daily 50 and 200 period EMA confirming my suggested "landing" area for wave 4 as they will act as support. The daily cloud as well confirming a bullish outlook with good support and confirming wave 5 still to come.

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