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ew-forecast
Apr 16, 2018 10:22 AM

Elliott wave Analysis: BTCUSD Looking higher 

Bitcoin / U.S. dollarBitstamp

Description

As expected, BTC is moving nicely higher and there's room for higher levels as long as the price keeps trading above 7170 level, especially because February lows still hold and bottom can be actually in place, but first we want to see five waves up from the lows to confirm a bullish reversal.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

Comment

BTC was slow over the weekend and currently can be forming a small triangle pattern within wave iv, so wave v of (v) towards 9200-9400 could be next move. Just be aware, because deeper pullback may occur soon.

Comment

Good morning Crypto lovers!
As expected, Bitcoin declined from wave 3 resistance and price can be now unfolding three waves (a)-(b)-(c) down within wave 4 correction, where support can be reached around 38,2% Fibo. retracement and 8400 level.

Comment

As expected, BTC can be unfolding a three-wave (a)-(b)-(c) correction, where currently can be falling exactly from 9500 level and 78,6% Fibo. retracement within wave (c) towards projected 8400 level.
Comments
Vern07
anything that goes against the 90% is interesting ...jusss sayin...(cus its less than 10% winning ) making more sense than the poooopshillgun
NachoGM
Gracias por subir tus análisis, te sigo desde hace tiempo y son muy interesantes. Estoy aprendiendo mucho con ellos. Cuando tengas tiempo, vendría bien saber tu opinión sobre ETH y XRP, que me traen loco...
NGNPRO
Thank you Grega, hope you have more time to share your ideas!
ew-forecast
@NGNPRO, You're welcome. We have a lot more ideas, you just have to do some research about us.
NewYork888
Nicely higher? Are we looking at the same charts?
ew-forecast
@london55555, on short term chart price is currently moving up. This one is posted and obvisusily comment is for that same chart. Thank you.
UnknownUnicorn1896036
Hi Boss, do you thing it's gonna be expanded flat ABC correction?
have a look at my chart
ew-forecast
@malditoduende, yes, can be! good chart!
UnknownUnicorn1896036
@ew-forecast, thank you so much! it's a good chart because you are my mentor! keep it up!
hossamino
Please i hope to give us update because i sell btc in 9220 price now i think this is not wave c .
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