supestv

supestv

So it's difficult to perfectly identify the end of this subwave C that we're on, but as the sub-subwaves form, the target becomes clearer. I incorrectly identified the start of sub-subwave 4 (of subwave C), but it looks like we have started sub-subwave 4. That predicts an end of subwave C at around $7250 which is where the price bounced on July 21st.

supestv

Looks like we're on Sub-subwave 5 of Subwave C of Wave 4. Almost ready to begin impulse wave 5 up!

supestv

Some thoughts on the btc wave count. Subwave 4 did not retrace as low as I thought. I thought maybe $7750 but it retraced no lower than $7800. The fact that it did the big green candle confirms the Elliott wave count IMO, because it is impulsive. I am being conservative with the end point of Wave 3. I am basing it off previous highs, but not sure whether they...

supestv

Check out the ABC Wave I drew 10 hours ago. BTC price hitting it exactly. Looks like BTC will correct to $7700ish, then quite probably the bull run to 5 digits. Here's what the wave looked like this morning:

supestv

Everyone's been waiting for this correction, and here it is. Based on the current wave structure, I've drawn a possible path. If it goes below $8100, then it's a good likelihood this path will be correct.

supestv

The price retraced below $8300 just now, so I had to redraw. I think we are on subwave 4 of wave 3

supestv

We are currently on sub-sub wave 4 of Sub-wave 5 of Wave 3 to end at $8600ish.

supestv

Wow.. the bull run has finally begun. Weekly MACD is about to cross over, ETF launch starting.. Looks like we're on a subwave 3 of wave 3. Expect to end subwave 3 at $8600ish Go bitcoin!

supestv

IMO, the 4 HR OBV has been the best indicator of long-term BTC price since $19k. I like the OBV because it combines price with volume, and I like the 4 HR OBV the most because it predicts future behavior better than other time frames IMO. You'll see the bright blue trend line was active for the longest time until April 27th when it was broken (crossed at the...

supestv

People have been saying that it bounces or falls on the 6th of every month. But in April, the price pumped on the 12th, not the 6th. Check the 1D RSI (yellow circle) on Feb 6th where it dipped below 30. The RSI should dip to the same level on June 12. That may be the day of the big pump. Watch for it.

supestv

Bitcoin following several possible paths 1. Pink medium term downward trend line 2. Orange upward channel 3. bright green ascending triangle 4. bright blue downward channel (invalidated?)

supestv

(see bright green lines) Look for a breakout!! :-)

supestv

I think it's a little too suspicious that the the price bounced a few hundred $ above the long term trend line (purple). I have drawn some medium term trend lines in bright blue, and some short term trend lines in green. I'm thinking that the price will break downwards from the green lines, and follow the blue lines to touch the long-term trend lines. I am...

supestv

There's a clearly a fight between the bulls and the bears today. On the bulls side, we just bounced off the 786 retracement level of yesterday's wave up which means that could be the starting point of a wave 3 upwards. We also have an ascending triangle pattern. On the bears side, there's a lot of negative volume and selling pressure to push the price below the...

supestv

I am publishing this so that I can use this to compare to an earlier post I made about 2014 trend lines. See how 2018, since Dec has followed 3 trend lines. I have deleted the upper trend line coming down from $19k since it got broken, so currently there are only 2 active long-term trend lines in purple, compared to 2014 where it had half a dozen.

supestv

I took a bit more time to draw some long term trend lines from 2014, to show that there is clearly no relation to 2018's 3 long-term trend lines. People look at the price peaks and valleys and they sorta look similar to 2018, but once you draw the trend lines which is the ONLY thing that is really important - it's bloody clear there is no relation between 2014 and 2018.

supestv

in 2018 you can draw all these beautiful trend lines that the price is following. It's got a long term bottom trend line, and 2 prominent upper trend lines (1 from $19k and the current one). The price bounces off these trend lines like clockwork. Look at 2014. The price isn't nearly bouncing off trend lines. There is some visual similarities in the MACD -...

supestv

What I'm expecting is that BTC will rise and then bounce off the bright blue trend line, then it will eventually fall below the green 1 trend line and then bounce off the green 2 trend line. Then it will finally break the bright blue trend line. This pattern of behavior is something I've seen over and over, which is why you have to draw as many trend lines that...