KlejdiCuni

BTCUSD: Bullish Continuation Pattern

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
On BTCUSD we can see that the price broke out of a bullish contianuation pattern and it has stopped above a small structure zone that if it holds it will push the price higher again.

Targets:
51957
57961

Thank you and Good Luck!
Trade closed: target reached: TP1 reached
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Comments

We're in a Corrective Wave B (of a 3-part ABC) in Elliot Wave analysis -- Retesting $51k, $55k and $58k resistance will be inevitable.
+8 Reply
KlejdiCuni googooboyy
@googooboyy, Yes, I agree with you. That is very possible.Thank you!
+1 Reply
Phattyoshis googooboyy
@googooboyy, It's kind of funny how so many analysts are saying this, myself included. If the B wave moves up to a 90% retrace of the A wave down, we will most likely get a running flat correction, and the C will only dip down the 0.618 length of A wave, to around 47k before the bull run resumes.
+2 Reply
googooboyy Phattyoshis
@Phattyoshis, We currently see a triangle/leading diagonal playing out in Wave A, so this could either be a 3-3-5 Flat or a lengthy 3-3-3-3-3 Triangle. I do expect $BTCUSD to retest $60k in the weeks to come, presenting a double-top soon.
Reply
absolutely beautiful. it followed your analysis perfectly
+3 Reply
KlejdiCuni cgursk05
@cgursk05, Thank you:)
Reply
If the stocks can keep up, then i dont se why btc wont continue to 60k
+2 Reply
@MJI786, Possible scenario the one that you said. Thanks
+1 Reply
thanks bro
+2 Reply
KlejdiCuni bishojit8899
@bishojit8899, You're welcome!
Reply
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