Theofylrx

BTCUSD Long: Accumulation Phase to end, & Bitcoin Bullish

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin bulls in control.

Accumulate more Bitcoins and Hold , Trading Bitcoin futures not Advised.

OK, so ..... I have combined the Wyckoff Accumulation Method with Elliot Wave.

PLEASE NOTE: The Wyckoff Accumulation method is not yet COMPLETE but is still in Progress and on PHASE D we waiting for PHASE E to Confirm that the method is Complete. Refer to the Wyckoff Accumulation method for more.

According to the Wyckoff Accumulation :

We just entered Phase D after Breaking Above the Support Levels.
ABC Phases are complete.

Then according to the Elliot Wave:

AB = BC ( always a Flag/Flat ) @ Fib 100 - 1.236
FIB = 50 - 61.8

Wave 1 & 2 complete now on Wave 3( this wave when combined with the Wyckoff Method for Accumulation it is gonna have LPS created & SOS(after breaking above the Resistance levels)) then only after wave 3 has completed we will see wave 4 above the Resistance levels of the Wyckoff Method which for some it will be in a form of a re-test after break then after wave 5.

For some A Double Bottom has been created.

So start Buying/ Accumulating more Bitcoins.

See ya'll @70K and Above..

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