just5
Long

Elliot - The Fifth Element

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
301 views
10
301 0
ok, let's try again
Comment: we take Elliott’s 5-wave theory. Spice Fibonacci and add a falling wedge.

Elliot:

1) I believe that the first wave of Elliot started $ 63 (summer 2013), immediately after the end of the correction, spring growth (Cyprus). and ended at a price of $ 1163 (November 2013).

2) Elliot's Second Wave, $ 1163 (November 2013) - $ 152 (January 2015)

3) The third wave - $ 152 (January 2013) - $ 19,666 (December 2017)

4) The fourth - $ 19,666 (December 2017) - $ 4,048 (November 2018)

- I marked the beginning of the third wave (January of the 15th year)
- uptrend from August 2015
- above, we denote the cover, the peak of the 1st ($ 1163) and the 3rd wave ($ 19,666)
- that way we have an ascending corridor.

Hey, what about the fifth wave? Minute, let's talk about the current correction.

if we look at the 1st wave, we can see how we came up against the Fibonacci growth level of 3.618 ($ 4042), the next Fibonacci level of 2.618 ($ 2942).
Thus, we can conclude that if we break through the channel of an upward three-year trend, and a falling wedge, then we will see, most likely, a price around $ 2942.

First of all, what I want to say is that I have finished spring and the end of 2019. For the reason that it is growing in summer, it is likely that it will likely, and most likely the peak will be in one of these periods. Also take into account that what I will go peak, dark above the channel, and therefore the price.

5) Wave number 5, I hope that we are now near the bottom, and soon we will see an upward impulse of the 5th sacred wave. I believe that our goals for it are:
   -31000 $ - 1,618 Fibonacci (3rd wave)
   -51000 $ - 2.618 Fibonacci
-70000 $ - 3,618 Fibonacci
-82000 $ - 4,236 Fibonacci
-100000 $ is a round number.
Comment:
Comment: one more
Comment:
Comment: bottom? pray
Comment: fractal?
Trade closed manually: level 2942 was the key
if you tell me that there was only 3122.28,
I will remind you - that the level is not an exact number, but a range.
The error of ~ 5% is not critical.
We are seeing U-shaped turn.
And we are starting a new bull cycle.

The update will be in the next idea
Comment:
Trade active: update here
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out