CryptoNugs
Short

Short 5 downward within the 3 of a 5 downward within... BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello, I've charted what I think will happen within the next few hours.

I chose these price points as a result of their fib relationship with a larger structure that I've seen similarities with. If you wish to know which one exactly, I can post the larger wave and how similar it looks to this one I've drawn out.

The downward 5 impulse wave is one within a 1 wave of a larger 5 impulse wave. Elliot wave , fractals, and pattern recognition were used to try and call these next small waves.

Within this 5 impulse wave is even more waves, but I will wait for confirmation of the sub-wave ( iii             ) before charting (iv) and (v).

I've also been noticing a nice pattern in the 4th waves of these downward impulses. They appear to be getting smaller, which in my opinion signals the bulls falling back in the short term.

So this is charted to a very minute level, so times are more than likely going to be off but PRICE target bouncing is charted as how I predict.

Sorry about the messy chart, I don't want to erase anything quite yet!
Comment: Returning to channel above... volume looks to be supporting as well. Scratch everything the bulls are back for now
nice to see some downward consideration in this chart bro...remember we must consider all possibilities.
Reply
CryptoNugs therealchrisaee
@therealchrisaee, thanks friend. Your advice went a long way with me. I zoom out very frequently now to not miss any larger trends!
Reply
t ithink its going to 10k after some correction to 9.5k..then another drop may possible...if it moves above 9.7k then likely to see 10.2k atleast..
Reply
CryptoNugs ghose12
@ghose12, Wave 4 has consistently been interesting to see. I see its a possibility, especially with new markets users waking up. It's very possible they misread a possible bull run.

I've just been seeing wave 4 getting smaller so I don't think its likely in my opinion.
Reply
CryptoNugs ghose12
@ghose12, Looking at it again, I agree about the correction at 9.5k I just don't know how high it will bounce. Need more time with it.
Reply
ghose12 CryptoNugs
@CryptoNugs, 1 hr gave morning star this means bulls are not ready to give up but we have 200 ma as resistance in 4hr considering it ...can stop there for a while and resume if there is full momentum upto 10.2k atlest..
Reply
CryptoNugs ghose12
@ghose12, just looking at the power of the sub-wave correction of ii makes me agree completely. Seems like more bulls have entered the pack as we near that resistance
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out