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Oct 14, 2018 6:52 PM

Bitcoin Bearish Elliott Wave Count - High probability. Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

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My Elliot Wave main count.

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wave 4 done

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I am not 100% sure that is done. There can still be one more last 5th subwave going up -> around 6480.

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There we go.I will update this as I arrive home.I believe this count but i am not very comfortable shorting this area.

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full invalidated if we push above 6500 with more than a wick.

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imgur.com/a/Yi5hx7I

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Price Action still bearish !

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Bearish Rising Wedge

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UPDATED EW CHART

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In this Chart we are counting only the C wave.The bigger picture :

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this rising wedge played well.

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Sorry for not updating this, been busy learning other markets.

A setup based on my count.

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Sideaways PA explained : imgur.com/a/Zu1Ooe0

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RSI 4HR

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Aaand we bounced.

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55% Longs vs 45 Shorts

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I am not trading this range.

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If this OB the price will push above this OB i have to recount this.

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If the price will push above this OB i have to recount this.

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I`m feeling like I am wasting my time posting here.That`s why lately I haven`t posted more updates. Follow me here twitter.com/edwardkinggg ; last day-trades were great. This count is still in play - We haven`t pushed above 6550 Pivot.I will update this chart a few times per week here.

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twitter.com/edwardkinggg/status/1060035585061076992 - Update from the last day trade.

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no words . that played perfect

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