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UnknownUnicorn924366

BITCOIN LONG Inverse H&S and Elliot Wave Completion 4H BTCUSD

Long
Bitcoin (COINBASE:BTCUSD)  
UnknownUnicorn924366 Updated   
COINBASE:BTCUSD   Bitcoin
Harmonic Patterns Technical Indicators Wave Analysis Bitcoin (Cryptocurrency) BTCUSD BTC btclong btcshort Litecoin (Cryptocurrency) ETH Cryptocurrency
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harmonicpatterns indicator waveanalysis bitcoin btcusd btc btclong btcshort litecoin eth cryptocurrency
We have what seems to be a completed Elliot Wave Cycle.

With 5-3 completed and C of (ABC) correction completing on the .618 fibonacci retracement level of elliott waves 1 ---> 5, we could be seeing wave 3 of a new Elliot Wave Cycle.

Additional Cases For Long:

- inverse h&S formation
- RSI > 50
- Clean break of support turned resistance line

Comment:
Wave 2 bounced off the 50% Fib level. Fib extension of wave 1-2 suggests a possible end of wave 3 meeting the 100% level. Looking for a pullback to previous R/S line.

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Comment:
Could also see a wave 5 truncation. I consider this play complete as a result.

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ABCD?

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Edit****

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Could we see this?
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