COINBASE:BTCUSD   Bitcoin / U.S. Dollar
First of all, as you see my around $8500 call is hit perfectly. Here;

We hit +$8450 area which is ok for me. I can't find exactly top and bottom of course.

I called this area when price is $7450. So $1000 move is clear winner here.

Now we will correct this move with TIME.

Time is so critical here because i read the orderbooks, nobody actually selling other than buying.

So many buying volumes despite small selling volumes. It's shows us obviously accumulation.

Accumulation will take some time and impatience will get punished.

Also you can check my accumulation area scenario here;

As a result,

(*) $7400-$7500 areas are good points to open long on margin. I have already long on spot from $6600.

You can check my call from related ideas if you want to take a look.

No financial advice here. Educational elliot application as you see.


btcusd 8hour update by projectsyndicate.
Can you see the similarities and what happens next?
Believe me ... there will be tears ...

@bass953, There is not much similarities actually. I see accumulation and eating time to the halving. Because miners dont want more difficulty until halving. So it will be more sideways and accumulation phase. Actually you didn't read what i type up here.
+1 Reply
bass953 ShinjiOsako
@ShinjiOsako, sorry, I expressed myself wrong. I think miners want to reduce hash ... and reducing the price is very good for them. The miners "S9" will be removed from the game before Halving, if occur. It is likely that 5k ~ 5.5k will be reached quickly. Congratulations on your idea.
@bass953, thanks, we will see.
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