jalapablo

jalapablo

Was short, but now semi-long. 50K is coming soon I think, and then the retracement back down to 42K.

jalapablo

If the pattern behaves, it looks like we may be going back down to 34K to test support, just have to wait and see.

jalapablo Updated 

What can I say? I'm feeling optimistic.

jalapablo

BTC price action and trendlines indicate H&S, yet with each mark-down effect we resolve into another series of higher highs and higher lows.

jalapablo

Big symmetrical triangle forming with Bitcoin, which, as you all know, is a textbook continuation pattern. This, along with the basic Elliott wave correction count (which I already charted for both BTC and ETH and published) gives me bigger confidence to take up a short position from about 34 to 31-30K for now. But we will see what happens; BTC doesn't always...

jalapablo

Just some simple EWT plotting on the final C correction wave. Pretty sure this is where we're headed, the same wave pattern currently with BTC. Remember: the deeper you go, the higher you fly, the higher you fly, the deeper you go, so come on!

jalapablo

Current EWT count of where I think we're headed. Looks like she's coming in for a landing to test the 30K. From there, if she holds, it's up, up, up. If not, get ready to pick up some BTC at firesale prices ;)

jalapablo

Elliott Wave Head and Shoulders count, currently at the cusp of C. Very real possibility we're going to 28K. But with BTC, who knows.