TradingView
SparkLife
Jan 23, 2019 6:10 PM

BTC: Elliott Wave ABCDE triangle correction on the way 

Bitcoin / U. S. DollarKraken

Description

If everthing goes according to the chart, then it's pretty simple:

From here on, BTC goes to $3900 to $4000, then drops and breaks the triangle, possibly breaking the $3150 support (December low) and completing Wave 3.

So the entry on the short side - breaking the $3500 price level, would happen around the beginning of February (implying that BTC will hit $3900-$4000).

At the moment, as long as BTC stays above $3550, we are bullish and aim at the targets mentioned before.

Safe trading!
More