BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
873 6 8
So we have come to the end of the sequence on both a HTF             (higher Time Frame (TAN Retrace Line/ Impulse not on chart)) & LTF (Lower Time Frame (Purple Impulse / (Maroon/Red) Retrace)) and we are looking to close out the retrace (on both)

We just completed the ABC retrace to 254.6 on the LTF which in turn created the A leg on our HTF            

We are now in the B leg of the HTF             ABC and looking to complete the C leg on the HTF             (very long & boring as we build up power for C leg push up )

Wave C or The Hammer C or MC             Hammer Time as I like to call it ;) will smash through the major resistance line (Big Greeen line that has been on my charts for the last 20 days ... it was 300+ coinz if we stayed above this line but we didnt ;) as u know and now it is S/R)

So look to see 260+ as MC             Hammer does his thing and this will complete the sequence both on LTF & HTF            

Then is downtown to china town express service as we Target 220+ in a IMPULSE leg DOWN (We need to go up to go down :D )

Check my previous charts (in sequence) to see how we got here for the last 20 days Im sure you will enjoy watching the clarity of my analysis

UPDATE : I got the time propotions wrong so dont expect 265 this sequence here we are now for the HTF            

I think 210 will come soon
nearly did it
if it couldnt break up, maybe ~210 first?
YipYip jangseohee
i think we need to go a little lower as in wave b .. it may be shallow i.e 246-8 and then we should get the impulse upto 260+ ;)
+1 Reply
ty ..lets crack 255 and we r on to 260+ rocketship ;)
Well done. Good chart
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