THE FOUR PLAY CONTINUES... WILL ELLIOTT TAKE BTC TO 5th BASE?

Now THIS is the news you've been waiting for.... BTC is enjoying the FOURplay... come on we all know that is actually the best part :)

So if we look at the daily chart... we see Elliott still bouncing around... he's hard to pin down as he's so indecisive. I have given him a line he cannot cross.... THE WHITE LINE.... let me take you back to your childhood and the lines were like lava, and you couldn't cross them, well for Elliott is he crosses the white line... he will miss out going down on BTC...

BTC has NO 5th WAVE!!!!!!!!!!!!!!!!!! so Elliott really needs to get his act together and stop bouncing around and make the decision we've all been waiting for....

WILL ELLIOTT TAKE BTC TO 5th BASE???

And if Elliott follows my directions.... after a maximum top of $8700 (with a possible wick) he will be bouncing his way down to BTC's bottom ;)

THE TECHNICAL STUFF
We are currently in the 4th wave of a 5 wave pattern - down, this pattern is invalidated with clear strong movement above $8,700.00 My lower low target is $4,544.00 I am still BEAR BIASED until this is proven wrong.

Safe and happy trading!

REMEMBER ALWAYS USE PROTECTION (minimise your risk, use a stop loss.) ALWAYS!!!!!!!!!!!!!!!!!!!

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3

코멘트:

코멘트:

On the 45min chart the waves appear to overlap.... this is okay on the daily as they are only wicks... in leveraged markets the rule is the waves can cross... by a wick.

코멘트:

Just being clear my primary target is $8,381 but it is very possible to reach $8,700 while the bears are on a brief vacation.

코멘트:

around 5% of the time the .238 fibonacchi acts as a support level.... it is possible this is one of those times.... there is an ABCDE bull flag pattern which 'should' break up...

코멘트:

I think we still have the 5th wave of the larger pattern yellow 3rd wave to complete (currently in wave 4 of 3) then a small retrace not dropping below the red trend line but possible deeper retrace also and up for 5th wave to complete $8749.00 ish

코멘트:

3 scenarios for retrace....

코멘트:

I have adjusted targets just now after counting waves... NEW TARGETS

코멘트:

And there we go in the 5th.... I second guessed how strong the bulls were.... should have stuck to previous chart options :) If we pass $8750 I'm running with the Bulls