xuanhaimmoer

BITCOIN - ABCD PATTERN - 4900 $ TARGET ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, welcome back with XUANHAIMMOER update about Bitcoin in the last day of 2018.

HAPPY NEW YEAR and wish all best thing will come with all you in next year with successful investing !!!

Today, I just keep update the analysis with Elliot from today and all thing I have been reveal in several last post ago.

We are in big bullish flag pattern and we also being in wave C with target 48xx - 49xx in middle term.

Now we are in small down correction of wave 2 and buy entry when we going to the end of this wave with stop loss is the lowest level of wave 1 in big wave C.

Also we are in ABCD pattern with the target for lat wave is Fibonacci 1.0 Extension ( 48xx - 49xx $ )

Thanks all you for all year supporting me ! Very appreciate if you LIKE this post and see you in next year guys !

LOVE ALL YOU <3 <3 <3
Comment: Last analysis in 24 Dec

BITCOIN - ELLIOT ANALYSIS METHOD - WHAT HAPPEN NEXT ?



Last analysis in 25 Dec

BITCOIN - Which strategy and trend for Bitcoin right now ?



Last analysis in 27 Dec

THE SCENARIO OF BITCOIN BOTTOM ZONE IN 2019



Last analysis in 28 Dec

BITCOIN - BOUNCE UP AREA - ELLIOT



Last analysis in 29 Dec
BITCOIN - TARGET WITH ELLIOT IN MIDDLE TERM




Last analysis in 30 Dec
BITCOIN - SIMULATOR MODEL - ELLIOT TARGET IN MIDDLE TERM

Comment: BITCOIN - LEGENDARY ANALYSIS - LONG TERM


BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS


The similar of Bitcoin from the past
Comment: BITCOIN - SIMPLE COMPARING - HAPPY NEW YEAR 2019
Thank you for your analysis. I mean that triangle correction is more likely instead ABC.

Reply
A thought for whom wants to play long term and has belief in bitcoin:
1. 1 BTC = 1 house in after 5-7 years later. It is totally reasonable! there are only 21 million Bitcoins that can be mined in total. It's not so big deal to compare with sum of 126 million households in US and 400 million properties in China (including business and residential spaces) in 2018.
2. 1 BTC = $100,000.00. One of the first Bitcoin billionaires as well as believed to hold or held a minimum of 100,000 bitcoins, so 100 thousand BTC times $100 thousand USD = 10 billion, It's not so big deal that compare with Bill Gates and Warren Buffett who have about $90 billion net worth.
3. Most people heard gold is valuable since they were born, this has been deeply embedded in the human's brain and the subconscious, they think gold is a tangible element because it feels real, for next generation "the Bitcoin is very valuable" will embedded to their brain deeply as well, the number will becoming truely truely real.
4. Some big capitalist don't want to accept bitcoin because they were afraid to embrace new technologies, the biggest reason is that if cryptocurrencies became main currency that will harm their interest so bad.

So wish Everyone Happy New year and dream come true!
Reply
a new higher high? i don't see it but it is certainly possible. i usually follow the path of least resistance and there is so much resistance up on top right now especially at that 4200 level. a double top. i would make sure my long is up past that level rather than 3800 and possibly get burned without a smart stop loss. i guess we all need to wait about 24 more hours to see what it does but i think what's more probable is that double top at the most and then continue down as we are still in a bear market trend. there are absolutely no signs of a higher high in my opinion unless someone here is claiming to be psychic. we'll be testing our bottom sooner than later so i plan to expect to test that 3150 level again(which could in fact be our bottom) and if it goes below that past the 3k level, i see no reason why that bottom wouldb't be around the 2500 level. path of least resistance wins in the long run. people who fight the resistance will lose. but again, i can see that possibility of 5k but if it does go above that 4200 range, it's more likely that it will hit below 5k around 4800. if i am wrong and it does shoot up around that level, expect it within 3 weeks or it just wont have the momentum....either way, i do expect something big to happen on the 2nd and more like a coin flip
+1 Reply
I like your EW analysis as it overlaps my TA. So if i marry them i can be confident that your trade is correct entry at support of 3800.

My daily chart comes from the bottom from a falling wedge pattern.It has already met the 1.618 target and then created a Rev H n S pattern.The neckline is not broken yet.See chart for targets as they are pretty close to yours.

Lets see what happens.Cheers and have a great Happy New Year and Happy Trading.

Reply
We are still in a bear market for at least another 6 months. In the short-term we could go to 5K, but inevitably btc will make a new low sooner or later.
Reply
Awesome TA and so clear. Thank you...I am new to trading Crypto so this is so helpful, still getting my head around Elliot Wave and your posts are helping me.
Cheers
Reply
Thank you very much for the well explained TA. Here is my view

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