espineteelamigo

espineteelamigo

To me, it looks like the bull market was right behind us... Thoughts?

espineteelamigo

Possible ABCDE Symmetrical triangle wave pattern (3-3-3-3-3) in play. This could be a continuation of the main trend after consolidation.

espineteelamigo

If we don't don't loose these levels we are now means wave 4 are not really below the 1 (Just a spike on higher timeframe), so the bullish counting is still valid and the last ABC pattern of wave 4 macro was already finished back in January 24th. If not, we still need another wave down (See my previous TA).

espineteelamigo Updated 

I'm still having this possible scenario. The bullish structure of the new impulse upwards from January 24th is only valid if we don't go below these levels we are now. Losing them will send us at least to those low levels again to finish the 5th wave down of the ABC the correction.

espineteelamigo

I still see possible to visit lower levels before breaking ATH on BTC. Thoughts?

espineteelamigo

BTC marco ABC also still in play as an option and could still be valid.

espineteelamigo

If we don't keep falling, this could be valid. Thoughts?

espineteelamigo

A bullish possibility. If the 50 days gain repeats this last 5th wave, could be a 80k target.

espineteelamigo

Bearish scenario! Flat Elliot Wave ABC pattern as a possibility. Always having the "Other Option" present. The market sentiment is really bullish and the fear/greed index in 85% a couple of days ago. It's time to watch out and trade carefully at this point.

espineteelamigo

Macro TA of #BTC end of bullish cycle based on fib levels + Elliot theory.