EuroMotif

BTCUSD bottom in sight: Bitcoin working on wave 5

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Looks like we are nearing ''a bottom'' if the ''the bottom''.
I have been plotting this massive 5 wave move which started at 7400.
We are now in the wave 5, which should come to an end soon.

Background:
This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not.

First I saw 3618 on CoinBase as important which had been on my charts for over 6 months:

Getting closer, I started to see a bigger picture coming together:

As it bounced, 4425 came into focus as the big hurdle:

After it topped at 4425, a rising wedge combined with EW waves pointed to a serious pullback:

My last plot showed two possible paths forward from there:

So now zooming back out to the original large 5 wave impulse, targets are in sight again:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will

Comments

great charts keep up the good work
Reply
Hello . Thanks for the chart.
What do you think of Bitcoin for the next year?
tanx of you
Reply
EuroMotif AIDIN66030
@AIDIN66030, Hello and htanks for your comment.
For the future, I expect something similar to the dotcom bubble/rise, but at a faster pace.
So for 2019 I would not be surprised with a very slow rise or range bound, waiting for use cases.
Like Amazon, eBay, and others that came out of the dotcom bust, so should a few coins (but many will fall away)
Reply
Nice work mate!
Reply
@tuamen, ty my friend
Reply
Thanks for sharing your accurate work Bro :o)
best regards
Reply
EuroMotif Mysticeti
@Mysticeti, yw and ty for the kind words!
Being a bull on crypto, it is quite painful to plot the demise :(
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out