Bitcoin - Count The Waves With Me (Second Attempt)

BITSTAMP:BTCUSD   Bitcoin / Dollar
Studiying The Elliot Waves again
Second attempt.

Could wave 5 be the point of a Trend Reversal ?
Will the pattern repeat? Is it the start
of a new bearish trend .

Or am I wrong about the waves?
Please leave a comment.

(I don't give exact dates for Targerts to reach*)
2 years ago
I agree with the current wave 3 that we are in, but I don't think wave 3 is done just yet. I am pretty new to Elliot Waves, and TA in general, so I don't know if pause in wave 3 is possible. As far as I can tell, we are going to make one last run up to $750 or so and then start wave 4 from there. What do you think of that?
RomanoRnr Macainian
2 years ago
Wave 3 could be arround the $715
But I am looking at RSI to, and I think we finished wave 3.

680 looks unbreakable. I think we need to have a retracement.
If my wave count is correct.

Wave 5 should be in the red area. Can't give a exact price.
But in the previous cycles There is a big recistence between 708 - 750.

I guess we need to be patient.

If I'm wrong about the wave count, I can do another attempt.
RomanoRnr Macainian
2 years ago
Bitcoin - Count The Waves With Me (Second Attempt)
RomanoRnr RomanoRnr
2 years ago
So my first Short Target became True.
+1 Reply
2 years ago
Elliott Waves just don't seem to apply to bitcoin.
-3 Reply
RomanoRnr MoonTrader
2 years ago
Bitcoin - Count The Waves With Me (Second Attempt)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out