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feeench
Nov 22, 2017 10:05 PM

Bitcoin: Conservative Elliott Wave 5 Target - Composite Chart Short

BTCUSD*0.2+XBTUSD.P*0.2+BTCUSD*0.2+BTCUSD*0.2+BTCUSD*0.2Kraken

Description

Seeing lots of interaction at the top so I decided to reevaluate the scene with a composite chart...

I played the Elliott Analysis very conservative here. The measure for the targets is as shown. I used a value of $680 before because I could plot sub-waves that followed rules and most guidelines within Wave 1 as shown here...

Also check out my BTC Market Cap analysis I just completed on my Twitter: twitter.com/finchtits/status/933441002819354624

Again if things get out of hand, use the Elliott Channel technique as drawn here to find potential targets.

Happy trading!
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