4 HR Elliot chart correction looks like over at $18900. Check my previous analysis.
This is my daily Elliot wave chart.
BTC could be coming down to $17500 ~ $17800 level still.
As long as BTC don't break down to $17400, Elliot wave continues.
If BTC come down to $17500 ~ $17800, wave targets may change.
I will update targets if BTC come down to $17500 ~...
This could be extended to weekly Elliot wave.
I got busy recently.
I will update weekly Elliot wave later.
Every target and support lines is Fibonacci level based on Elliot wave theory.
Check my previous Elliot wave chart analysis if you want to see actual level.
1HR chart already hit the 5th wave target but I will watch 4HR chart too.
ABC correction might...
Updates from my first Idea.
Bulls and bears are holding 2 trend lines. So 4th wave could be done in those trend line.
Most likely, it will follows up these trend lines to 18800-19200.
It's safe to follow up to 18800-19200, if they break upper trend line and hold above that.
If it breaks down to 17450, discard my ideas.
2017 Jul and 2017 Sep Trend line is legit.
Most likely, BTC will try to touch and test the upper trend line.
If BTC touch the upper trend line, it will likely come down to the bottom trend line.
However, If BTC break the upper trend line, it could be going to the moon or use the upper line as
a support and slowly go up.
I don't think it's going to touch the...
Small Elliot wave is over.
5th Wave could be done without actual 4th Wave for the Big Elliot wave.
Buy at 17500 - 17600 if 4th wave coming down.
But if BTC breaks 18300 follow up to 19100 - 19170.
Thank you.
