4 times too much of a coincidence? Or I have too much fantasy ;-) Anyway, looks like something is bringing it down slowly and discrete. 26 januari is where it lands around $8700. Could it be?
Don't be trapped as wave C is still not completed. After breakout of the forming falling wedge, BTC can take another dive. First date to look out for is januari 26 when initial CME contracts expire. hint: Next date to look out for is around Februari 14, for some reason there is always a total crypto marketcap surge around this date every year. Disclaimer: This is...
It's always nice to see when practice confirms theory. So, after matching Elliott waves, Wolfe Waves and Fibonacci to events that already happened, let's try something fun :-) In my previous idea I had two outcomes: A) the start of a new impulse wave, or B) the start of the second corrective wave. When looking at the graph, there is actually a new H&S pattern...
Only read about it till now, but this seems to be a finished Wolfe Wave which confirms the (temporary?) uptrend. Or BTC starts the second correction wave, or BTC just started the first impulse wave. Either both are at least UP (for now) :-) This is absolutely no trading advice as I'm still a complete Dummy trying to learn and understand ;-)
I'm quite new to this and I'm really fascinated about TA's. During the last weeks it was challenging to use short-term TA's against BTC (most of them just did not work) but after this storm all pieces of the puzzle seem to fit together and a beautiful rainbow appears at the sky! This might announce the end of the correction. After rain comes sunshine! Look how...
Seems like BTC is struggling with that resistance around 16600. Maybe he needs a small extra swing to break through?
We don't have parachutes but there should be a trampoline somewhere below there... (although it can hurt)
My guess... After a weekend of very rhythmic pumping, following a linear and predictive trend, pushing ATH every cycle, BTC will pass the long-awaited 10k mark around 8AM UTC Monday morning. A great achievement, but unfortunately too soon, you can just feel there is too much tension right now because of the missing corrections. The last pump just started about 30...