bkouassi89

bkouassi89 Updated 

In my previous BTC analysis I pointed out how a downtrend is still ongoing. It looks like we are still in a triangle but things are taking another turn. Wave D or E is being stretched and could target the $6.7-6.9k range before resuming down. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles....

bkouassi89 Updated 

BTC 1.29% is definitely on track for a major reversal and this could happen this month. Some say the bear market will end in early 2019 and other believe it will happen before the end of 2018. I can't be bias. I have projected a few targets. The 50% just got hit but it appears that trend is still ongoing. Will be 61% at around $5800 be the magic number we have all...

bkouassi89 Updated 

In my previous analysis I explained how BTC was moving toward a turning point in the $7200-7500 range. I still maintain that idea. However the 70% fibo of the previous downtrend could well be part of the correction targets. Wave 4 of C could still not be yet completed. I'll update the chart as it unfolds. Remember, my wave targets and channels are estimate...

bkouassi89 Updated 

We are at a very important price point . Two scenarios are likely to take place. The 1st leg of the last zigzag is done. To correct it, BTC could rally to the $7200-7500 or in between which coincides respectively to the 50% and 61% fib and reverse from there, or it could just dump from the 38% which has already been hit. Both scenarios could lead us to sub $6k...

bkouassi89 Updated 

Some say BTC price is being manipulated by whales and that TA is null when it comes to BTC price action. It could be true, but as a trader we can always try especially when we see tradable patterns. I got to admit trading in this crypto market is challenging but not impossible. Here is my idea on the likely path to the end of the bear market. The 1st leg of the...

bkouassi89 Updated 

BTC is possibly finishing the 1st leg of its 3rd zigzag. Some believe this last downtrend is what will end the entire bear market. However we need to advance step by step. We will get a major pull back but not until we complete 5 nice waves that will end up on or between one of the 3 support levels highlighted in the graph. Those are estimates. It could also dip...

bkouassi89 Updated 

The BTC bear market is far from being over. I suspect the first leg of the last zigzag to end around one of the 2 levels highlighted in yellow before an eventual correction and then another downtrend. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments....

bkouassi89 Updated 

The overall correction that has started in December seems pretty obvious now. It is a triple zigzag . This complex correction is long and confusing. However its end is approaching. Breakouts following complex corrections are aggressive. One of the 3 lows with the arrows in the graphs could be where we will begin the btc -1.43% rally. Remember, my wave targets...

bkouassi89 Updated 

In my previous analysis I erroneously pointed that we were still in the bear market. THE BTC BULL RUN HAS STARTED. We aren't going to be $5K as far as what I know. But we never know. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not...

bkouassi89 Updated 

The bitcoin bull run we have been waiting for may take a little longer. I would expect the break of the 100 MA to the downside on the weekly chart before considering going long. A break of the 100 MA on the daily doesn't have a meaning at his point of such a huge correction. Remember, my wave targets and channels are estimate target levels and are based on...

bkouassi89 Updated 

Bitcoin doesn't seem like it will break and stay above the 100 MA on the daily chart. This could be a warning sign to another possible downtrend to $5k. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when...

bkouassi89

On June 29, we broke the 100 MA on the 4h chart. What did that mean? In conjunction with the waves it could mean two scenarios. The first one was that the correction is taking a breather and the second one is the end of the bear market. I'm leaning more towards the second scenario. Remember, my wave targets and channels are estimate target levels and are based...

bkouassi89 Updated 

Is this the bull run we have all been waiting for? Previously we talked about how equality of corrective waves in the abc formation could be a factor to Bitcoin heading lower. I wouldn't keep my hopes up. We may revisit the $4200-$4500s level before a possible bull run. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci...

bkouassi89 Updated 

The triangle assumption previously discussed in our bitcoin analysis three weeks ago didn't hold as the throw under didn't happen following the breach of the triangle support. The next possible corrective pattern could be a double zigzags. The $4200s level is likely to get hit, as we have two and half points of convergence at that level. Why two and half? The...

bkouassi89

Bitcoin is approaching the triangle support we have previously drawn. Wave E has a tendency to pierce triangle supports then bounce back, so that could also be expected. This is a crucial zone for the entire correction to be over. Otherwise we are looking at a next possible low of $4,000. Remember, my wave targets and channels are estimate target levels and are...

bkouassi89

BITCOIN may have just ended the first part of wave e, which I assume will be another zigzag but it could be any corrective structure. There could be a minor pullback to the upside for the next few days and then price would possibly resume towards the $7,150 level. Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and...

bkouassi89

The EUR/USD downtrend is yet to be over. A minor correction which I assume is a ABC zigzag (although it can be any corrective pattern) is taking place probably until next week and then it will resume to the downside. I bagged a lot of pips, and I am not done yet until wave 3 is over. I have adjusted the possible end of wave 3 as its subwave 3 was extended. Once...

bkouassi89

I look at and analyze the chart every day. So far, all the signals of a bull run in wave 3 have failed. It looks like wave 2 which started in December after Bitcoin has hit its high, is maybe a wedge also called a triangle. If that's the case, the bull run in wave 3 is not far away as wave e of the triangle is still laying out. Watch out as price may revisit the...