BTrade831

BTrade831

A ending diagonal may have just started which could signal the end of this major B wave. A flat correction is forming as shown below: There is extreme greed right now within the market. There are so many points where you can project extensions from since March so its very subjective on where the B wave will end. There are some projections that could push...

BTrade831

Over the next month or two I believe things will get much clearer. You can view things two ways at the moment. We either just completed an ABC correction and are starting another impulse down for a bearish view(in blue) or we are in a B wave of wave 3 for a bullish view (in black). There are other possibilities as well such as double top or even expanding...

BTrade831

With everything going on in the world today, we can not help but wonder if we are on the verge of a complete economic collapse. This idea is a very bearish scenario that I hope never comes to fruition but one that people should be aware of and understand is possible. If this scenario plays out we could see a 30-40 year decline. This count is based on harmonic...

BTrade831

The current price action is eerily similar to what we saw in March before a 57% drop. The 10EMA in blue and 20EMA in purple are in nearly identical positions as they were in March. Price is also trading slightly below the 50MA in green and above the 200MA in red. If price can't get above the 50MA quickly we are going to see a major sell off, in my opinion.

BTrade831

-From now until the election I expect to see some very volatile price action. This is my view for the next few months. For the intermediate term we are in an expanded or running flat and are currently in wave B. -We are currently in sub-wave C of B in the short term which looks to be forming an ending diagonal. -Expect wave 4 to retrace into wave 1 (between...

BTrade831

-We're currently in the midst of wave 3 which began back in March. This wave will complete between 15,140 and 17,450. The black horizontal solid lines are possible targets with the red one being my prediction. -After that wave we will see a decline to low 9000 levels with wave 4 to fill the CME Gap. A deeper retrace is possible but I think the reversal will...

BTrade831

-Looks like running flat completed and the final sub-wave 5 of wave 3 has begun. -Go long around 11350 with stop loss at 11100. -2 Targets from 45%-82%

BTrade831

Price has been struggling to break resistance at the $3400 level. While most will see this price action as a regular flat and we are finishing wave b and moving onto a wave c that will move beyond the start of A, I see things a bit differently. I believe that the fifth sub-wave of wave 3 could not travel as far as it needed to before crashing in February. Price...

BTrade831

-Wave 1, 2 and 3 have completed - Short anytime between now and $576 - Price will decline to $25, which is the spot to invest. - Wave 5 Targets project up to $250,000 - This is of course a very long term outlook but one that would provide huge profits if it plays out.

BTrade831 Updated 

Wave 1 will end at $19.42. Short until price falls slightly under $2. Buy and hold. Wave 3 price targets project huge returns over the next decade. All analysis based on Harmonic Elliot Wave. The opportunity for huge returns on this coin is definitely there for the next 5-10 years.