BitcoinBaller1
Long

BTC The rise and fall of Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello all Crytponinians, after a couple of days of downtrending that began the 4th April, BTC             is in a consolidation channel around $6800. Yesterday daily closed with a weak or neutral doji which means indecisiveness. The EW count is not clear whether we have exhausted the wave 2(blue) down in 5 subwaves or we have the beginning of Wave 3. Due to the lack of volume and movement I would suggest it is still in final 5th subwave of the Wave 2 down. This is valid as long as BTC             stays above $6400. A move above $7200 would confirm Wave 3 formation as shown. The other noticeable play which adds credibility to my EW count is the descending wedge forming on the 1hr, 2 hr             and 4hr . Look for a strong breakout above the wedge for confirmation of an impulse wave. I am still long for now as i have not seen the strong confirmations of impending doom. Thank you for taking your time to read analysis. Asd             always happy to receive constructive criticism or alternative views.
Please like if you agree and you can follow me on https://twitter.com/BallerBitcoin for more news and updates.
I stated so long as we dont touch $6400, wave 2 is still in play. I am stoked.
Reply
If you guys were patient and did not lose focus , here are the results hit right on the knocker. We are in wave 4 now
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