weslad
Long

Bitcoin in Elliot wave view

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey guys

Things look to be more better as we had the much needed bounce off 9700$, I think this bounce is enough to turn market around.

I put up this analysis to update my Elliot wave views about bitcoin .

The count look to be well detailed.

Do check it out and let me know what you feel about my count.
Trade active: Short term play update will follow soon guys. Thanks for all the likes
Trade active: My first update will be on this Ascending broadening wedge patternand Ascending triangle formation both on 15minutes chart. it worth to look at.

Trade active: Hey guys another pattern spotted on 1hour timeframe

Inverse Head and shoulder with its target is well represented on the chart.

Trade active: I dot have much update for us than we are stillt rap inside the ascending triangle pattern and I expect this to make its decision soon after spending the whole day here.

Trade active: Also ISHS triggered with good volume after the break of Neckline. Keep an eyes on the target

Trade active: Short term wave view, 15minutes counts

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Thank you
Trade active: We have good breakout yesterday from the Ascending triangle pattern and price is now attempting a sharp re-test on the neckline of the pattern.

The top level will be a good zone to long again as the bullish momentum still seems so good.

Trade active: we have Bullish flag formation in progress with a strong support located towards 11300-11425$ zone. Let keep an eyes on those range for possible long opportunity

Trade active: This is good, just as expected, the flag break up with immediate target at 12380$.

Trade active: Hello guys, sorry for the delay in my update, as we can see we breakout from the flag and now we had a good bounce off the flag re-test. This look good and strong. Our immediate target still remain same zone 12380 upwards.

Trade active: We have major resistance level at 11860$ if price manage to break this will give good move to the upside zone.

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Comments

Hi. I am seeking advice from many famous traders. I think that if BTC reach the last peak in 2017 before 2020 Halving, there will be possibility that the four-year cycles of BTC is likely to change to three-year. What do you think, your precious opinion is a great help to many people.

+2 Reply
weslad pkb6698
@pkb6698, We has more blockchain adoption than before, i think that can easily speed up the halving effect.
Reply
pkb6698 weslad
@weslad, I also think that a two-year cycle is possible, so I chose the middle.^^
Reply
Excellent application of the EW Weslad. Personally I am taking one step at a time waiting for 12400 to break in order to confirm the long term bullish continuation.

+1 Reply
weslad TradingShot
@TradingShot, what will be your next target after break of 12,400 because I see it happening soonest.
Reply
If we get through 12.060 k
We would have a big chance for a higher targets
:)
Reply
Wise setup bro, have a look on this
Bullish Descending Broadening Wedge In play!
Reply


My latest post about the potential drop! only 1 usd difference for the lower high setup with my prediction!
Reply
Btc
Looking delicious again

May be a run on its way :)))
Reply
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