Long: 12999 by March 6, ATH in first half of MAY

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi all,

I drew the waves as I see them developing from today until well into May, evidently I don't have a crystal ball and evets can change prognoses, but this is how I see things in a general trend.

We completed a short 5 wave up, and are now correcting in an ABC pattern, this pattern wil form a Bull flag , which will lead us into 13000 by Tuesday.
Then we will reset, start a round of profit taking and set up for a new Bullish wave which sould bring us to a new ATH in the month of May.

We'll see how she rolls, the trend is your friend and the BTC trend is Bullish .

Good luck with the trades.
Mar 02
Comment: So far the chart is being followed close to perfection, I probably didn't name the retracement levels correctly, but at least the BTC performance follows the lines I drew.


Your ABC correction starting 6th March is invalid. B should be lower than 5 and C lower than A. I see other flaws but i'll leave it to you to figure them. Good luck.
proficy steve.elliott
@steve.elliott, thanks for your comment
+1 Reply
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