COINBASE:BTCUSD   Bitcoin / U.S. Dollar
long term analysis of BTC
Comment: 2 setup for 1 hour chart

Comment: it seems that our blue scenario is the winner.... watch the bottom for another buy


Thanks for your charts and sharing your ideas. Good luck trading.



4 HR:https://www.
tuamen tuamen
@tuamen, 4Hr:
tuamen AryanRehaan
@AryanRehaan, I am not at all sure why you would laugh at the author's chart and his view on how the market may unfold.I think it is a perfectly reasonable thesis. While he doesn't provide commentary he nonetheless has clearly laid out a support zone between the .618 and .786 fib retrace levels of the previous impulse that he feels price will eventually be attracted to. We have already tagged the .618 and he apparently feels we will also tag the .786 just not on this movement. While I have no idea if price will unfold in this manner, corrective price action will often times travel back and forth between the fibs levels he has charted before finding its terminal target and resume the larger trend. While it is a bold forecast it is one well worth considering. I happen to be of the opinion that we will also travel near the 3000 level however I feel the probability is in favor of doing so on this movement. I would not be so quick to discount the path he has laid out as the market likes to make it more difficult for it participants.
@tuamen, thx tuaman for your support and for the LOL i'd rather let the chart answer instead of me ... and it's answer would be LMAO...and for you @AryanRehann ... i respect any opinion unless it is offensive... so please if you want to be helpful share what you think with us
+1 Reply
tuamen DR-SherifAborehab
@DR-SherifAborehab, Hi, I found your chart interesting and naturally intuitive. And while the chart only outlines a basic larger structure it echoed similarities to an alternate count I had posted 9 May 2018. I have already attached my chart to your thread. I had started a thread in late April 2018 where I have been discussing the nature of corrective structures and have been updating my chart as I track price in search of the terminal target and completion of larger intermediate corrective wave still in development. After I posted my chart to your thread I visited your profile page and was pleasantly surprised to see that you are a wave trader and it is obvious, even to the causal obverse, that you have much more experience than I originally thought. I was very impressed with you other post and wave counting. I am attaching another copy (for your ready reference) of my post and link to the full tread and updates and would very much appreciate any comments you may have with my EW count. Cheers mate and all the best!

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