COINBASE:BTCUSD   Bitcoin / U.S. Dollar

Hello People. Many have asked me about what I think of BTC and I just wanted to have a little time for price to developed a little more.

I will try to be quick since about what I think.

BTC has a main downtrend top (white line) that is located at around 11k in the current price movement. Keep in mind that is a estimate and BTC could pick up price movement. The secondary trend is at 905k (blue line) and that would complete the 5 EW Cycle. from there we have a ABC correction that ends up around mid 7ks.

The reason why I am saying we will probably end up around 6.6k is not a FIB or a EW reason but a psychological on. The 3rd impulse wave started there and logically most people bought at that price.

These are my thought today and based on what I have learned from BTC price movement and I hope you find them helful.

Remember this is not intended to give you a financial advice but to offer you an educated opinion.

Thank you for your time.

Comment: Funny. Didnt take long. lol
Comment: First red candle completed . Let's see if we get to the to my 7900$ entry price in the next few days. Stay tuned. :)
Comment: BTC really did better than expected. Now we are facing the first trend line. let's see how we do in this 9k area. BTC is know for melting down to little heat but I have better hope for BTC this time.
Comment: Just a little close up of BTC above resistance. I really hope it stays there I want my 28k btc short term.
Comment: For what is worth, BTC hit a little wall today and I am wondering where it is heading now. Will this be a quick recovery or a long normal fall. We will find out tomorrow I guess. Stay tuned.
Comment: discard above image lol good thing it was not a nude. haha
wonderful. keep dishing!
Great markup of Elliot waves here, its looking like that 8k is our target
@TomPower, I am hoping for a last dip. I hope no more 6k prices because that wold be just a big delay for btc rise :)
TomPower ChartsOnTime
@ChartsOnTime, yes same here otherwise the train will be leaving without me(my life story) above 7.7k very bullish for a major 3rd wave.
@TomPower, we will be fine. That is why we do scalping. :)
TomPower ChartsOnTime
@ChartsOnTime, didn't get the dip . I had tethered $1,000 ago because of this chart.
@TomPower, me too.
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