Did Someone Say Pitchfork "Idea, Last Update, With Targets"
Extra TA Described Below:
White Time Cycles (Half Circles):
To give relative index to, the time periods between, BTC's consolidation and growth
Black Sine Lines(Lines Intersection with Time Cycles From Bottom To Top Of Chart):
To show an index to "Growth Potential" of BTC during those Moments of consolidation/ growth (Sine is based on September lows/ highs of 2017)
White Inverse ABCDE Elliot wave (Marked A,B,C,D,E On The Chart):
If BTC can't break the channel upward after reaching ~11.8k Resistance Line
Black Elliot Impulse Wave (Marked 1,2,3,4,5 On The Chart):
Most likely going to see sideways movement for a long time from BTC.
If We Make Passed The ~11.8k Resistance Line Two Things Are To follow:
A tight squeeze up to ~13k Resistance line followed by large leap upward to ~17k- 18k Support Channel Resistance Line
Subsequently a large dump will commence (13k As it acted as such a strong resistance, in turn is now a strong support), Followed by a quick recovery/ Tight squeeze back up to ~20k ATH's
If you have questions feel free to ask.
NOT AN EXPERT DISCLAIMER
As Always DYOR and Good Luck.
White Time Cycles (Half Circles):
To give relative index to, the time periods between, BTC's consolidation and growth
Black Sine Lines(Lines Intersection with Time Cycles From Bottom To Top Of Chart):
To show an index to "Growth Potential" of BTC during those Moments of consolidation/ growth (Sine is based on September lows/ highs of 2017)
White Inverse ABCDE Elliot wave (Marked A,B,C,D,E On The Chart):
If BTC can't break the channel upward after reaching ~11.8k Resistance Line
Black Elliot Impulse Wave (Marked 1,2,3,4,5 On The Chart):
Most likely going to see sideways movement for a long time from BTC.
If We Make Passed The ~11.8k Resistance Line Two Things Are To follow:
A tight squeeze up to ~13k Resistance line followed by large leap upward to ~17k- 18k Support Channel Resistance Line
Subsequently a large dump will commence (13k As it acted as such a strong resistance, in turn is now a strong support), Followed by a quick recovery/ Tight squeeze back up to ~20k ATH's
If you have questions feel free to ask.
NOT AN EXPERT DISCLAIMER
As Always DYOR and Good Luck.
Comment:
Update:
Btc Currently bullish if the daily candle stick closes above ~11.7k- 11.71k support line.
Should stay on and retrace back into the black 12345 elliot impulse wave.
>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to ~11.65k we should see strong signs of bullish divergence.
I expect bounce up from here, before re-entering triangle channel/ re-test White zone if we break again its a good sign we are pulling back up
white arches are cycle time and we are currently in a bullish cycle
in long term view the Black sine lines have been acting as larger Cycle time as well which is bearish.
>but also in terms to the sine line "Not its cycle time effect" is currently showing bullish divergence/ a parabolic movement outside the Sine lines
>most likely going to bounce in current Pitchfork (the channel continually touching with the 12345 Elliot impulse wave).
Btc Currently bullish if the daily candle stick closes above ~11.7k- 11.71k support line.
Should stay on and retrace back into the black 12345 elliot impulse wave.
>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to ~11.65k we should see strong signs of bullish divergence.
I expect bounce up from here, before re-entering triangle channel/ re-test White zone if we break again its a good sign we are pulling back up
white arches are cycle time and we are currently in a bullish cycle
in long term view the Black sine lines have been acting as larger Cycle time as well which is bearish.
>but also in terms to the sine line "Not its cycle time effect" is currently showing bullish divergence/ a parabolic movement outside the Sine lines
>most likely going to bounce in current Pitchfork (the channel continually touching with the 12345 Elliot impulse wave).
Comment:
**EDIT:**
>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to **~11.65k** we should see strong signs of bullish divergence.
**CORRECTED TO:**
**~10.65k**
>Relevant date Aug 28th
>If we stay above the current White abcde inverse corrective elliot wave down to **~11.65k** we should see strong signs of bullish divergence.
**CORRECTED TO:**
**~10.65k**
Comment:
Not trying to toot my own horn just yet, but ive called BTCs exact movements from 10,8K until now.
*Black Sine Lines(Lines Intersection with Time Cycles From Bottom To Top Of Chart):
To show an index to "Growth Potential" of BTC during those Moments of consolidation/ growth ???(Sine is based on September lows/ highs of 2017)???*
Corrected To:
(Sine Is Based On Lows Of October 2016 And Highs of 2017)
After Thoughts:
On the long scale view the Sine Lines have been acting as a "Time Cycle" (periods of repeated Consolidation and growth), when viewed closer BTC has been following the same Time Cycles/ Sine Line trend pattern since BTC's beginning.
On the long scale view the Sine Lines have been acting as a "Time Cycle" (periods of repeated Consolidation and growth).
Changing my position to Bullish as we target to break the ~11.8k Resistance Level.