Elliottwaveanalyis
BTC Elliott Wave countThis is the count that fits at this time!
After an impulse we have a flat corrective pattern and now we are into the C wave from it, the impulse. I think it will go to retest 19000-18000 zone and than Bitcoin has the chance to build an impulse with a 3rd wave or at least we will have an abc corrective pattern that will sink Bitcoin more deeper.
Short until Bitcoin will end the C wave than long.
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BTC Elliott Wave tradeThis is my plan to entry for a short position on Bitcoin .
We have an running flat 4th wave and now it made 1st wave from a 5th wave to the downside. Also we may have a zigzag correction abc for 2nd wave that will bounce 0.854 fib retracement of wave 1 .
I will enter short below 4th wave that is a running flat pattern. Invalidation will be above 4th wave (21900).
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BTC Elliott Wave tradeThis is my plan to entry for a long positions on Bitcoin.
I am still bearish on Bitcoin and I will show after this my trade setup for short positions, but anyway the market can do anything and if it will go long than I must see something to enter for a long position.
Only count from here is to have an bigger 1 wave and now multiple 12 12. The last 1 wave it can be this expending leading diagonal and after the correction I would enter for a long position after the price breakup the B wave. The correction can also end in the area of 4th wave from the expending leading diagonal .
Invalidation will come if price goes below wave 2 from the first 12 formation.
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BTC Elliott Wave count DailyI think an running triangle is ended also the 1st and 2nd subwave from a 5th wave is ended, wave 2 bounced 3 times into 0.854 fib retracement of the 1st subwave.
I am expecting a fall to 15000 fot Bitcoin if this is a correct count that.( Above 21000 this count will be invalidated)
BTC Elliott Wave count DailyI think that the correction is not over and we will gonna se further more downside move.
This is my daily count and we have a zigzag corrective pattern and the equlity of wave A with C it is at 12500.
I think Bitcoin is into a 4th subwave from the 5th wave of the C wave and it will do a last 5th subwave.
ADVANC | Wave Projection | Possible trend reversal Inverted H&SPrice action and chart pattern trading setup
> Elliott Wave Projection - possible end of correction ABC
> Upcoming trend reversal pattern - inverted head & shoulders
> Entry @ Neck line breakout
> 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position
> Stoploss @ head position
> RRR: 2:1
> Indicator: MACD bullish divergence
Always trade with affordable risk and respect your stoploss
BTC Elliott Big ABC DONE, What now?Just sharing
we can see that wave C already has 5 waves in it
but maybe wave V of 5 of C it's ocurring now to build a final push downside
But, does this mean that correction is over??
Noone knows only time will tell
On the past btc has taking much, much longer to finish correction, so i don't think is over (but that's just an opinion)
After C its complete we might see uptrend, or flatness, nothing of this tell me the correction is over, because it might be building a complex corrrection (WXY, like the white dashed wave on chart), so this big ABC that is already done would just be wave W, and we should see next the X wave (with 3 waves in it, blue dashed wave), after that wave Y, so more correction on the way.
BUT, if the wave that it's coming has 5 waves in it (like the yellow dotted wave in chart), then it would be a sign that correction is over, and we could look for on uptrend.
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What's out as $PLTR tries to break its long term resistance lineThe move to the downside seems to be completed in 3 WAVES (ABC) structure. If this is the case and we continue moving the upside, with the current low in place, we are in Wave ElliottWave 3 with a powerful move to the upside to start playing out!
Bitcoin ready for 200% rally#Bitcoin as per #Elliottwave analysis is ready for 200% upside move.
Bitcoin has completed its complex correction where W is equal to Y.
As per Elliot wave analysis, Bitcoin has completed its 4th wave correction. The last leg 5th wave is pending.
The upcoming move should be a minimum 200%. Let's see what Bitcoin will bring with it.
Happy Trading!