TheBitcoinChart

TheBitcoinChart

I'm looking for the 5th wave up on the one hour chart to complete this impulse. Im targeting 31680 but taking profit on the way. 38K over the next couple of weeks is highly likely in my opinion. Looking for a minimum 20 percent pull back around 38K if btc reaches it.

TheBitcoinChart

Price has reset bullishly and it has come to the .236 which is a minimum correction. This small correction could be a WXY which could be finished. I'd like to see just a little lower before a fast move up to the high 31K area.

TheBitcoinChart

These yellow circles show how the dotted trendline is respected. If bitty made it up to this trendline over the next couple of weeks then I would expect a 20 percent correction from there to put in a 4th wave. Too far away right now to tell but worth keeping an eye on.

TheBitcoinChart

If 29333 holds then this move up should continue up to the 34K area. At least price finally broke out of that choppy sideways range it has been in for the last couple of weeks. I would like to see the 29350 area tested before a move up to the 32K area. I would long that area if I see hidden bull divs or something nice.

TheBitcoinChart

Looks like a B wave triangle. Which is part of a larger WXY. This price movement killed a lot of time and sets btc up nicely for a false move down on Monday and then the real move up starting Tuesday.

TheBitcoinChart

The X wave has taken the shape of a triangle. This kills a lot of time but the overall count is still valid. A large move up may start tomorrow

TheBitcoinChart

Bitcoin looks like it is forming and ABC that should take btc up to the 29K area once this B wave completes later today.

TheBitcoinChart

I like this. If Bitcoin did this violent up and down over the next 10 months or so, everyone would lose. It would destroy all retail.

TheBitcoinChart

Bitcoin may have be starting an aggressive move up from here. The 27700 area may be the bottom of this 1-2.

TheBitcoinChart

Bitcoin has come down to the long zone. I'm looking to Long the 27600 area. This could be the bottom of a very large wave to the upside. The invalidation of this idea is the 27200 low that was put in on Monday.

TheBitcoinChart

If Bitcoin corrects down to the 27600 level sometime over the next day then it looks like a large move up could follow.

TheBitcoinChart

This is a look at the one hour WXY channel. This looks complete in my opinion. I'm looking for much higher as long as the low holds.

TheBitcoinChart

Bitcoin may be headed up. I would say it happens this week or price will test the 25k area. I'm looking for the 38K area sometime over the next 2 weeks as long as the 27250 area holds.

TheBitcoinChart

This may be an ending diagonal to finish off this potential WXY correction on the small timeframe. It actually looks really good.

TheBitcoinChart

This chop may just be a WXY. This chop is challenging but this looks good. I'll wait for this small move to finish and then pull a fib retracement on it. Hopefully I can find a safe spot to give this a try.

TheBitcoinChart

Bitty looks like it may correct around these levels.

TheBitcoinChart

Bitcoin may be playing out a macro 4th wave WXY correction. I thought there was no macro count on Bitcoin until yesterday. I watched a video where Elo from Eloquent trades layed it out and it makes perfect sense. Amazing utube video. With what he said in mind I anchored a base channel (Kennedy Channel) on the second 1-2 from 2013. The channel intersects where I...

TheBitcoinChart

This macro idea has Bitcoin topping out around 50K before nuking down to touch the top of the 1-2 base channel from 2013. I'm going to build another chart in log so I can show this idea more clearly. I will post it when I'm done.