EuroMotif

EuroMotif Mod

BTC is starting to look like 2107: No good dips to jump in. It is always either going up, or preparing to go up. Retraces come fast and furious, but end quickly as well

EuroMotif Mod

My last idea still looks plausible: But the EW behavior since then has changed (and some new FUD is out) So this is my new entry plan above.

EuroMotif Mod

Looking for a pullback to add longs

EuroMotif Mod

EW analysis fits an ABC retrace to the 618 fib of climb since 5.8k. And of course 8k is a FIB number, so it should at least offer good support

EuroMotif Mod

BTC has been following the Elliot Wave concepts perfectly. Looks like the recent ABC correction is done, and time to start new impulse up.

EuroMotif Mod

After many days of UP, we need at least a small retrace.

EuroMotif Mod

Last analysis played out well, proving the end of multiple wave 5's: Now we are due for a pull back, might be pretty severe due to massive run up. This plan shows first area of interest for buying, if breached will evaluate next possible bounce zone

EuroMotif Mod

Looking for 11.2-11.5k target. But need a dip first in the form complex wave 4.

EuroMotif Mod

Two possible EW outcomes, assuming we stay BULL

EuroMotif Mod

Just throwing this out there so we can watch the progress (or lack thereof). NOTICE how every green candle since the bottom has been retraced, EXCEPT the one pointed out above.

EuroMotif Mod

BTC has been climbing for many hours now, needs a retrace. US has news coming with CFTC/SEC meeting that will last most of the day Feb 14th.

EuroMotif Mod

Short term EW possibilities. The CFTC meeting on the 14th might determine which direction.

EuroMotif Mod

I had the last micro 12345 as ending too soon. Now it is much more clear in regards to the large scale EW

EuroMotif Mod

Just a quick EW check

EuroMotif Mod

IF the bottom is in, then a .618 retrace should be expected. $7200 also happens to be Monthly Support 1 pivot. Should be good for a bounce for sure, whether it sustains will depend on Monday and US mood.

EuroMotif Mod

Overly optimistic, I am sure, BUT: The Elliot Wave puzzle has finally fit into a viable picture for me. The last impulse down fit all EW rules (12345 bing 5-3-5-3-5 subwaves, etc). And based on the positive sentiment from US Senate Hearings, I think we have bottomed. Lets see how this plays out.

EuroMotif Mod

If we drop below 8k, then 7k should be a good stopping point. Would be 382 extension for wave 5. Plus Monthly S1 support pivot, which was the low for January. So I am looking for 7k dip, then rise to Monthly Central Pivot at $12k.

EuroMotif Mod

Just to throw this out there and see how it plays out.