Eliotwave
Eliot and wavesFirst I've cleaned my chart :)
then I added a simple cycle to it.
Right translation as the Trend of the larger Cycle Moves up shows a bull market in 10 days cycle.
If I be right Eliot is complete and wait for next move. (Mar 17 or 25 Mar).
I wish it happens because I gamble on it and full my pocket.
I am not pro and it is not a trade advice.
Bitcoin is waiting for the shot
Hi all. I published after analyzed on bitcoin recently. Bitcoin is on the rising wedge pattern. It be inevitable to drop as it is natural at the rising wedge pattern. So, The question is afterward how deep it would be. On the other hand, Based on the Eliot wave Principle, The correction Flat now on can be ended in Running flat or Irregular flat as marked on the chart. The common denominator I see on either flat is that 9069USD is hard target to be reached. It's little chance to go down to 8800 or further. If bitcoin drop and has bounced off after being supported on two horizontal blacked lines, I see it a sort of sign that bitcoin had finished off its battery to go up to higher after a quick break.
Let's see how it unfolded
thanks
Exciting and interesting moments. Some mid term scenario's: from extreme bullish to finding the last bottom:
Small triggers can be enough to create a fast break out, followed by an early FOMO reaction. We are really close. The other extremely scenario is a pull back to the down trend again. Not a very likely, but there is even a small change we need to finish the Eliot wave and find the very last bottom.
I really hope to something in between, so we can build up a strong fundamental base for a healthy bullrun in the next 1.5 year. A longer period for the bullrun is even better to give bitcoin and alts the change to improve their technology and acceptation by institutions and governments.
Lets see what comes folks!
dx by wolf wave patterns and elliotdx reach top of downtrend channel formed after breakout of red wegde. I hope this top will hold for a moment and we continue forming corective wave B which should move dx down and price should jump again inside purple wegde and hit bottom of this wegde where we should finish this wave B, then we can finally start forming last corrective wave C ( DX up) and reach range from purple wegde. if dx break up downtrend channel then usd up:)