jalapablo

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.