On the lower TF's you can trade the next impulses, as of now that will be the wave C up to complete the larger B.
1) I want to see the internal B wave structure to complete by price breaking below the yellow line. Internal wave C has broken below wave A so the structure technically could be complete but price action is very slow and there's no confirmation downside is over.
2) Once yellow line is broken you can then draw a TL on the lower TF's and wait for TL break and to confirm more upside to come and take the buy.
This is a longer term view so I will be updating this idea as price plays out on lower TF's with potential setups!
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H4 possible structure I see.
On the D1 I am still expecting the internal C up for a running flat, nothing is confirmed internal B wave structure down is complete so more downside is not out of the question and price could even reach the 161.8fib extension.
I will update this Idea when I get the next setup on the lower time frames so stay tuned and don't miss the next impulse!
BTC D1 Wave C up, Running or Expanding flat.
About the 2nd MACD on the D1 for this analysis I used the D2
So you're saying this iwill do an eliot wave?
All I see is a capitulation to Sub $1500 on all the charts. Once it gets a waterfall decline then we will stagnate for a year and then ther ewill be a huge bull run in end of 2019 or 2020 later... I think Bitcoin will hit $50,k but not until the halvening in 2021+
It will go to $1000-$1500 levels first. The dollar is still strong on macro level.
Ther's no ETF theres no BAKT, thers no institutional investing. Bitcoin is not dead. Bitcoin