mi_khan

BTCUSD - Elliott Wave Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If my EW analysis is correct, then we are heading to around 4400. This gives us 78.6% retracement of wave 1, and makes a = c for the zigzag . The channel line is also matching this scenario,

This is by no means any advice for buy/sell.

Please do leave feedback on your thoughts.

Comment: I was also thinking that wave a doesn't necessarily have to be equal wave c. Other possible reversal points might be 7200 (61.8%) and 5900 (78.6%). If it's 61.8%, then we might already be close to the end of the correction. (I must admit that it doesn't seem like it at this point).
what figure is b in zigzag?
Reply
mi_khan ypypy
@ypypy, It's marked with a "b" in the chart :)
Reply
count wise maybe, but RSI on daily is oversold now.
Reply
mi_khan retiringsoon1
@retiringsoon1, that means that it will go up now?
Reply
@mi_khan, wish i knew.
Reply
mi_khan retiringsoon1
@retiringsoon1, well, I think lots of people are waiting for the reversal and following the graph glued to the screen. Let's hope it ends soon :)
Reply
@mi_khan, waiting for tomorrow: https://www.senate.gov/committees/committee_hearings.htm
Reply
mi_khan retiringsoon1
@retiringsoon1, Thanks for the link. What implications do you think this hearing will/might have?
Reply
@mi_khan, any indication that SEC will be regulating the market will hit all crypto market and there will be big sell offs. but i doubt that will happen
Reply
mi_khan retiringsoon1
@retiringsoon1, ok, that's the last thing we need now. Hoping for a fast recovery at this moment as I am a HODLer :)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out