I think wave B has been ended, And now we are in wave C of the correction that started on 30.11.2013 Wave C will consist of 5 subwaves, and will hit previous lows 360-450$
Wave A consists of 3 subways a-b-c and was completed Wave B consists of 3 subways a-b-c. Wave (a) seems to be completed, we can see wave b with targets 580
Acccording to EW analysis, every corrections consist of 3 waves: A B C. Wave A consist of 5 subsequent waves, and already have been done. Now we are in wave B wich consist of 3 subsequent waves a,b,c/ Potential targets for wave B are 770 and 865 on bitstamp by 30 december. Howerer, if we see sideways till 30 december, we will go down after that point
According to EW, we are making an ABC correction. Wave A, which consist of impulse 1-2-3-4-5 has been done. Now we are in wave B, which consist of zig-zag a-b-c. Targets for this are 770 and 865. After that we will see a wave C, wich will consist of 5 waves: 1-2-3-4-5 (impulse) with targets 350-450
We analyzied this time price on china's exchange, caz it iz leading driver for other exchanges. After last crash, which had a 5-wave structe 1-2-3-4-5(impulse), shown on graph, price is retracing. Retracement has almost done as 3 wave: a-b-c (zigzag). Soon in about 12-20hours, we are expecting begining of a new down move which will consist of 5-wave: 1-2-3-4-5 (impulse)
We are currently drawing wave B of the correction, and this wave B have targets of 980 or 1100/ But before we reach them we need to correct to last consolidation area 680-720-760
We can make last push, before going down. I think traget is 980 on stamp
Goog entry point for short, I expect price will consolidate at current level, and soon will go down to make a new low at ~450-500$ level
We are above a good support level, price will shoot back to 1000 very soon. Dont forget to buy
Pirce is consolidating in ascending triangle, after we break down its upper line price wil go to the space
Set SELL limit order to 870 stop loss = 900, target1=780, target2= 680 don't close position on my previous signal
I think wave 3 is completed, and aslo we are at resistanse level, so price can correct a little/ We have been growing from july, a price grew from 66 to 390 6-x time it is good proft
Guys looks liks we are a little overbought, and price is likely to correct to ~210 level, before new wave up
We have just broken the resistance level, prepare for take off. 1st target is 300$
BTCUSD is oversold now, with RSI=30 now and aslo price bounced off the support trend line