Jack_oftrades

Jack_oftrades

Chart is self explanatory. Triangles are typical wave 4 . Wave 4 typically retraces between 0.236 - 0.5 Wave 4 (triangles) typically consollidates longer than wave 1. We should see a thrust upwards if BTC is done with the triangle. Invalidation point for this count is at 9299$.

Jack_oftrades

Elliot Wave Theory analysis. WXY correction in the works. BTC road to 6k? WXY correction. Y can end anywhere between 6-8k. Depends on if we get a typical C wave we would end up near 6k If we have a short C wave we end up near 8k. Looking closer at current price action. It doesnt seem done yet. Retest of 9500$ or lower is likely (needs to hold 9000$ or this...

Jack_oftrades

Elliot Wave based theory. Count is invalidated if BTC breaks 10300$.

Jack_oftrades

Elliot Wave Based Theory. After the parabolic move we saw from the low 7400$, I believe we have set in the 3rd wave up as this is a common 1.618-2.0 target. A corrective move should be inbound (soon), to set in the 4th wave.

Jack_oftrades

Elliot Wave Theory based analysis. 4th wave now between 0.236-0.382. Wave 2 set in the lower degree at 0.5.

Jack_oftrades

Elliot Wave Theory bassed Analysis Feels like we are in the mits of a C corrective wave to test its previous low at 910 and currently bouncing to put in Wave 2. If we break 1134 this count is invalidated as it would be a series of 1-2's atm (which would be very bullish).

Jack_oftrades

Elliot Wave Theory based analysis. Typical retracement for Wave 4 is 0.382. If it goes beyond the 0.382 the more likely scenario is that the 5th wave is already in and we are heading lower to ultimately 0.5-0.65 retrace.

Jack_oftrades

Elliot Wave Theory based analysis

Jack_oftrades

Complete picture of my analysis based on Elliot Wave Theory. I assume we have 1 more wave down to complete Wave 5 (7000-7200$). This is because the proposed Wave 4 did not violate Wave 1 (7944$) (which is typical for wave 4). If XBT completes Wave 5 (7000-7200$) expect an ABC correction to set in Wave B (8040-8360$). After Wave B (8040-8360$) expect the next...

Jack_oftrades

I assume we have 1 more wave down to complete Wave 5 (7000-7200$). This is because the proposed Wave 4 did not violate Wave 1 (7944$) (which is typical for wave 4). If XBT completes Wave 5 (7000-7200$) expect an ABC correction to set in Wave B (8040-8360$). After Wave B (8040-8360$) expect the next leg down to complete Wave C (5230-6140$). After completing...

Jack_oftrades

Bullish Elliot Wave Theory analysis

Jack_oftrades

Fib target reached

Jack_oftrades

Analysis based on Elliot Wave Theory

Jack_oftrades

Harmony Cup & Handle formation

Jack_oftrades

Analysis based on Elliot Wave Theory. This count is valid unless previous support (@0.65 FIB) is broken.

Jack_oftrades

Analysis based on Elliot Wave Theory, with help of fibonacci retracement and pitchforks tools

Jack_oftrades

Analysis based on Elliot Wave Theory

Jack_oftrades

Methods/Tools used: Elliot Wave Theory, Fibonacci, Pitchforks