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Nickonomics
Apr 20, 2018 7:37 AM

Bitcoin (BTC): Wave Pattern & Key Levels 

Bitcoin / DollarBitfinex

Description

Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area (main scenario) or just above 9000. I will update the chart as soon as there is a reversal signal.

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Approaching the target:

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This may be the last wave to complete the target

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Tragets hit, bearish divergence pattern is complete.

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Altcoins are forming continuation patterns across the board. Pay attentionto IOTA, Ripple & ZEC:

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Looks like a clear "three" to me

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Updated price levels:
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MUSAA1
one of the competent accounts!
Bombita
Check this out please
Nickonomics
@Bombita, There is actually an Evening star pattern developing @H4 chart.
Trades999
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Nickonomics
@jelmerrr, I'd rather expect Inverse H&S pattern to develop under your scenario.
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