cryptcowboy

#Bitcoin 12h chart update! 09/30/19 6:30 pm EST

BITFINEX:BTCUSD   Bitcoin
I am presenting here a secondary count that says that we are pretty much done correcting , by having the Y leg of the larger WXY as complete thru a clean abc pattern. I would now like to see on smaller time frames ( 1h, 3h) a clean 5 wave advance of the lows that would constitute the 1st leg of an upside move. Above 9300 my confidence will increase significantly but if the rise is in 3 waves it will more then likely be a B wave with one more leg lower to come. See my previous update for the placement of the X wave. ( in that scenario the wave A would be complete and a rise would follow in B). I have a cluster of fibs at 7700 zone that reinforce the idea of a completed pattern ( equality 100% wave C vs wave A of larger Y ; equality wave Y vs wave W ; 38.2% retrace larger primary wave 4 vs wave 3) . So based on all this we have satisfied the criteria for a completed move.

For more detailed charts, discussions and Elliot Wave learning , visit us at
t.me/cowboycryptomarkets
t.me/cowboycryptomarketsroom

New videos at youtu.be/rbTmY-nS9so
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.