Vincent_D_Ng
Long

BTC Perfect Combination Elliott - Fibo - Harmonic Analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, it's me Vincent again.
I'm pretty bullish on BTC right now. Let's do some analysis together.

This chart is based on the assumptions below:

- BTC is moving within Wave C (white)
- $76xx - $78xx will show good bounce to end Wave 2 (green) and entering Wave 3 (green) soon. This zone is the 61.8% retracement of Wave 1 (green)
- $73xx was the strong support for BTC to start forming Harmonic Pattern . This zone is the 78.6% retracements of Wave B (white)
- Target $128xx will perfectly complete ABCD pattern starting from $60xx, with AB = CD
- And it's also the 61.8% retracement from Daily top $17,0xx, to form the harmonic Gartley pattern .

We expect for the drop of BTC at $129xx level, whether it's a retracement before going higher or a reversal to a lower bottom, we will decide when the time comes

Other indicators ( Bollinger Bands , MACD , RSI , Stoch ) are also supporting the start of this analysis.
Let's see how the market decide.
We believe the universe is governed by natural laws, ratios and moving in harmony.

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Please feel free to exchange ideas with me in comments below.
Glad to answer any of your questions
painting the chart with ones own bias leads to disaster
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pap169 pap169
@pap169, Target 4500 USD
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I have followed you. I hope you can Follow Me at the same time.
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All-in. 5x leverage baby! BTC is on SALE! :)
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Vincent_D_Ng mightytrader
@mightytrader, Ha ha, make sure you place a stop-loss below $73xx
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mightytrader Vincent_D_Ng
@Vincent_D_Ng, Jesus Christ is my SL. Either I get liquidated or I don't Whales love to trigger my SL's on perfectly good trades so I try to avlid using them.and just pray, instread.
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mightytrader mightytrader
* avoid
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mightytrader mightytrader
* instead
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