Mashood_Abidi94

Mashood_Abidi94

Finally updated my BTC chart. Bitcoin has finally headed into the golden zone of Fibs and a very cautious supply zone from where it's gonna be moon or doom for the crypto market. Let's go from bear to bull scenarios and take a deep dive into BTC from an Elliottwave perspective. Scenario 1: the move up from the 15K bottom is a three-wave move and will get rejected...

Mashood_Abidi94

The move down is a clear five-wave impulse in my opinion and then the three-wave move up looks like the first leg, wave W, of a double zig-zag correction. I will wait for the impulse wave A to complete, and then for the corrective wave B before going long for wave C of the second corrective leg up i.e. wave Y. Once the double zig-zag is complete, I'll look for a...

Mashood_Abidi94

I'm expecting a breakout from this downward channel this week The big sideways correction was probably an expanded flat which is most likely over with wave C hitting 1.618 extension And if that's true then we're headed up for the next several weeks to complete wave C of the larger ABC