xuanhaimmoer

Bitcoin Analysis with Elliot in Middle Term - Last Bottom Zone

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, today I apply using Elliot in analysis for Bitcoin and it may give you a big general about big frame of our picture in market right now !

Clearly we have just ended Wave B in Correction Wave now we begin with Wave C. As Fibonacci Retracement I think we may correction up 0.382 ( 47xx $ ) as same with Fibonacci 1.0 Extension of Wave A in Correction Wave.

May we going up to 51xx $ ? Yes we can but less possible because RSI is nearly with over buy zone, also we have very big resistance in 47xx and you can look at some candle, I think we do not have enough momentum for going up to 51xx as we dreaming.

When the Impulse Wave C ended over in 47xx so we continuing with Decrease Wave ; target 30xx $ (as Fibo 0.618) or 19xx $ (as Fibo 1.0) .

From general if we fall down from 64xx to 19xx so the decrease is approximately 69%.

Good luck all you guys !
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Comment: All you guys can refer my last LEGENDARY ANALYSIS for Bitcoin from September and now we are going to 28xx$ as exactly the chart said:

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Comment: Guys we have update about Bitcoin in here:

This is the chart for 30 minutes update in short - middle term

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Comment: BITCOIN - HEAD AND SHOULDERS PATTERN
Comment: UPDATE NEW

Comment: Guys we fall down without any bounce back. Sad for this market. Nearly with lower target zone 1 !
Comment: BITCOIN - Retest Success - Fall down
Comment: Bitcoin - Overview in middle term - Bottom zone
Comment: BITCOIN - WHY IT IS HARD FOR BREAK UP 3600 - 3900$ ???

Comments

BTCUSD H1 Complex correction up. Checkout the idea detail's and update's for the complete picture.
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@Boon2, thank for sharing with us !
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After this cross,we will reach the bottom,history repeats itself!


Check history first,85% of trades it s based on bots

Totally acord with you!
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xuanhaimmoer CryptoRomaniaTD
@CryptoRomaniaTD, thank for sharing bro !
+1 Reply
CryptoRomaniaTD xuanhaimmoer
@xuanhaimmoer, Thank you too!
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We can't fall to 1978. From the picture, we can see that we have a stronger support in 3222. Your Fibonacci labeling is completely wrong, so you have reached the wrong conclusion.
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xuanhaimmoer bbcswxopen
@bbcswxopen, thank for feed back bro !
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OH
WOW WOW
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@GerSeag, <3 <3
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@xuanhaimmoer do u check bigger Tf charts while Posting 120m chart ?
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