TradingView
JeffBear
Apr 10, 2019 1:00 PM

Bitcoin will capitulate and then rise !  Short

Bitcoin Liquid IndexBrave New Coin

Description

Cycle Analysis and Elliott waves.
The target is around $ 1000.

Comment

I will do a macro analysis update soon.
There are different macrocycles playing out that affect Bitcoin.

Comment

Short-term update there is a Fibonacci algorithm path with an over 80% probability to play out based on that I am expecting ~42k then ~73k.

Comment

Comment

The Fibonacci algorithm is doing the selling finally we are getting closer to the buy zone.

Comment

That is a strong reaction from the Fibonacci algorithm confluence zone.

s3.tradingview.com/snapshots/w/wymRxVeH.png

Comment

Comment

There is a slight break of the square root of 0.5 if I pull the Fibonacci algortithm from the old pivot. If we pull it from the lowest pivot before the rise the square root of 0.5 did actually hold:

I will wait and see what price does it is too early to call.

If the lowest pivot does not hold then the most domiant algorithm from the major swing low to the major swing high needs to hold:

Comment

Lost the buying algorithm from the lowest recent pivot!


BTC needs to reverse above the red line to remain bullish:
Comments
obinex7g
nop. my best guess is $500
demoxbt
Perfect!
CryptoC77
Capitulate at halvening? :))))

Ok... :-) We are bottomed,check my analysis!
Trade-Technique
excellent worked
EXCAVO
Nice BRO !
pacman7331
Very original. Thank you. You may have saved me thousands of dollars. Why didn't you draw the classic ABC correction? I see a WXYZ?
pacman7331
Also the wave three isn't the longest? Looks like all the waves are the same length?
pacman7331
or... no i see thats the cycles... but still the wave three has to be the longest... looks like wave 5 is your longest.
pacman7331
OK I see the WXYXZ is a elliot wave also...
pacman7331
I also had that idea, but I've never seen the whole bitcoin market made into an elliot wave... good food for thought!
More