Elliot Waves Inside Bearish Bat to 12k or ABC to 7kElliot Waves Inside Bearish Bat to 12k or ABC to 7k
Btcusdbullish
BTC/USD 1st leg to NEW YEARS LONG TARGET INITIATED!!Hi Seildev here
Today we’re looking at BTC/USD pair.
Right now it’s at 15825 and we can see some key elements:
- Breakout of downward wedge
- Respected horizontal zone 13075 has been respected (full body stays above discounting the wick)
- Full body candle close above 50 and 100 day EMA
- 1 Hour chart current bull flag forming for another leg up
- RSI divergence bullish
If we see full body candle close above 15288 then we are heading for another bullish leg taking us to our initial target 1 of 19617 and target 2 of 23019.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
Awaiting BTC dropTesting my experience with the use of Traders Dynamic Index with at least 2 time frames I suggest Bitcoin price will drop to at least Fibonacci extension levels of 118% and 127%. Around $5,100
Bitcoin Upcoming Momentum. *Read below*I will be in dips on BTCUSD .
My reasoning on why is on the chart ( Speech Bubbles ).
If you guys received any type of value from my analysis Like&Follow!
If you have any charts you would like to post please do so!
Thanks.
BTCUSD A Long Term View *Elliott*BTCUSD Seems to be in a 3rd wave of a larger 3rd wave.
Check out my view on things and feel free to leave your insights in the comments.
BTC/USD Trading Idea 22 09 2017 Med UpdateBTC/USD bearish, expected to meet key support at 3500.
If support holds, we expect to meet resistance at 4388
Bitcoin Rise to Extension possibly to $3,000According to Fibonacci Retracement & its corresponding Fibonacci Extension, IF the $2,200 was the lowest for price to go from which price continues upwards, then the price will rise to at least $2,900 with time while being resisted even by $2,800.
Entry is Long is best when & at a retracement dip.
BTCOur preference: possible rebound with 2750,87 as objective.
Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29.
Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
BTC up forecast due to Traders Dynamic Index (& price) pattern You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017)
I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator window does not update on the public view.
