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Eloquent
Aug 24, 2021 2:14 AM

btc 8\24 update 

KUCOIN:BTCUSDT15
Bitcoin / TetherKuCoin

Description

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figured it out. it's a simple zig-zag correction.

fib channels line up nicely, and we just completed 5 waves down into wave (A)

wave 3 saw an extension which caught me off-guard, but it resolved itself nicely at the end there.

currently working on the mean-retracement into wave B

before a move down into wave C to about 48k

down there i'll be a bigger buyer.

will work on figuring out the upside target when the time comes, for now let's let this play out and take it from 48k.

Order cancelled

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we hit the target, but my indicators don't line up for a move up right now.

not buying this.
Elliott WaveBTCUSDTBTCUSDBitcoin (Cryptocurrency)XBTUSDBLX
Comments
ClearOpenDoor
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Perfect target hit!

I went long here. Not expecting a deeper fall just yet, though I could be wrong.

I'm hoping for a giant H & S pattern with the height of the top of the head at exactly 52.5
Eloquent
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@ClearOpenDoor, possible it moves up from here, but i haven't longed it yet

still potential for one last raid, and that's where my orders are for now (just below) ^^
roborus
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I see it this way but I was checking fib lvls and I expect 47k as point of return
Eloquent
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@roborus, possible, i'm hoping for it
jmancharts
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Nice!
Eloquent
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@jmancharts, Thank you ^^
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