I've changed my Elliot wave count and this one makes the most sense to me now after this correction is looming out. I think this is the proper wave 5 to analyze. As we near the end of wave 4, I am long BTC for one more wave upwards at target price of $18,982. After that I think we are poised for the correction to lower to the fib levels shown to the right. Target...
I think Bitcoin is approaching another wave upwards of $17,700. The 30 min MACD is starting to level out and the uptrend from the wave 4 correction should be ending soon and wave 5 should spark. I believe I've counted the bottom, but this V formation seems a little bearish for another push awards. It is possible that instead of another wave 5, we will see an...
Hopefully this screenshot works on here, I'm still trying to figure website out. However, I'm going to be posting a few possibilities that we have here, and they may be very very different, so it is important to watch closely and pay attention to all the indicators. My view on this whole situation has changed. This first scenario to me seems the most likely....
NXT run does not seem it be over. It is not very affected by Bitcoin's run and I think this will be a nice opportunity to find life in alts while Bitcoin is having its fiasco. Highly likely retrace to retrace to .382 level, likely to retrace to 0.5, possible to retrace to .618. Will have higher likelihood of retracing to the .618 level and maybe a little lower if...
Lets keep things very VERY simple. It's running out of room don't you think?