Mashood_Abidi94

Mashood_Abidi94

After being stuck in this sideways correction for almost 70 days, #BTC is finally coming to the end of this consolidation in the next 24-72 hours. It's not common that we get a double three correction (WXY) starting with a sharp zigzag wave W and ending with a huge expanded triangle for wave Y, so this correction is one for the history books. I really hope you...

Mashood_Abidi94

Right now I'm seeing so much fear across social media regarding BTC price that I cannot help but post that we are basically in wave 2 correction of a larger wave 5, and the wave 2 has probably ended or is about to end at any moment, so just sit back and relax and keep HODLing on cuz the wave 3 target is $130K minimum!

Mashood_Abidi94

Omg! The weekly looks so bullish We closed two weekly candles above the downward resistance Fingers crossed for this to play out🤞 One last pullback from near the ath for last wave 2 and then blast off into multiple 3s

Mashood_Abidi94

Really think the first leg down is over for EU, should head upwards for correction and test the demand zone around 50% retracement

Mashood_Abidi94

Finally updated my BTC chart. Bitcoin has finally headed into the golden zone of Fibs and a very cautious supply zone from where it's gonna be moon or doom for the crypto market. Let's go from bear to bull scenarios and take a deep dive into BTC from an Elliottwave perspective. Scenario 1: the move up from the 15K bottom is a three-wave move and will get rejected...

Mashood_Abidi94

The move down is a clear five-wave impulse in my opinion and then the three-wave move up looks like the first leg, wave W, of a double zig-zag correction. I will wait for the impulse wave A to complete, and then for the corrective wave B before going long for wave C of the second corrective leg up i.e. wave Y. Once the double zig-zag is complete, I'll look for a...

Mashood_Abidi94

I'm expecting a breakout from this downward channel this week The big sideways correction was probably an expanded flat which is most likely over with wave C hitting 1.618 extension And if that's true then we're headed up for the next several weeks to complete wave C of the larger ABC