tradedevil
Long

Bitcoin Happy Hourly Trade...

KRAKEN:XBTUSD   XBT / USD
This was an alternate count but it's looking better and better. The Big Dog has been trading with technical perfection. Ol' Ralph would be proud yet likely not surprised. Pretty straightforward E-Wave trade. Looking to get into the 3rd of the 5th. Nice risk-reward of approx 4.85-to-one of we go to Fib targets. Stop just under the 78.6. This "could" be the start of a great weekend. And if it gets stopped out... It's a small loss. Not enough to ruin a weekend.

Stay technical my friends...
Crypto Trading and Education - https://goo.gl/AUxrWz
Hey, man appreciate the analysis! I have a quick question - current C to 1 wave should be impulsive to indicate further movement up, but to be impulsive it should have 5 waves up, with 3rd being not the shortest. Currently, if we look at wave C to 1 it's sub-wave 3 is shortest also if we move to heikin-ashi chart at 90min to 2h we pretty much see 2 clear waves, same with elliot wave indicator. What then helps you determinate whatever it is truly impulsive or corrective?
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@Besson, Too much to type ;) Better reply may be here. Video I did today on this trade: https://youtu.be/yWrqrfYkYd0
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Besson tradedevil
@tradedevil, Thanks!
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@Besson, may be?

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Besson SharpCharts
@SharpCharts, Now it makes sense, perfect ratios. I was looking at a little bit bigger timeframe and didn't even see it. I'm going to keep this in mind for future references that even small movement like that can be a wave.
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Thanks for sharing a great looking count. I believe most of us were struggling with the A-B-C-like form of the 1st move from previous low of 2980 to 4130, which suggested us to believe we were in a big correction and the previous high of 4470 was the end of the C wave. But then again, I was struggling of strength of the last move which we thought it were big wave C. Wave C should be stronger and and more disruptive than that, isn't it? The last down movement doesn't look like a 5-wave structure either. At this point of time, this is my most possible count and I would buy it. Kudos to you for another great work!
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