Hi traders, Just a quick chart with my thoughts on the future movements of BTC. Like most I am anticipating a bullish move from this triangle. Overall I see a possible top of around $700. It won't be a straight run as there is previous R/S level at the $560 level so we should retest $464 which will become support for the next move up.
See last post for detailed explanation of combination. (Linked)
May have completed (D) of the triangle. Watch for (E) wave push to finish.
Triangle may break early.
*Note:
- As stated in previous post, wave (E) can overthrow and retain its validity.
Got the 4H bull div I was looking for on RSI, but chart looks like it may want to make one more knock downward before finishing this corrective move completely.
Red and green a separate counts (Green = Bull || Red = Bear)
We could be in a (4) right now for another push higher before down (Green).
Or we could be beginning a nasty path downward.
Both look viable to my at the moment. Typically looking for a ~38.2% retrace on a w4, but this looks like it may end deeper. Obv possible, but lends skepticism, at least imo....
Not even gonna count this ish.
LTC is in love with the BB midline. UP, Down, Down, UP...oh wait... back to midline BB?!
Not to mention, that stochRSI should be enough to petrify bears if they look directly at it. @_@
Bullish 4H RSI divergence could be signaling the end of the wave.
Wave 5 of C didn't go quite as far as a normal w5 projection, but if it is a flat correction I wouldn't expect it to.
*Note:
Blue horizontal ray @ bottom would be my normal expected wave 5 ~target area.
More brainstorming while BTC continues to bore while price is restrained for pockets to load.
Have we overlooked a simple flat correction?
Whether this is part of an overall bear correction, or push towards eventual ATH, we have more up to go.
Sometimes the simplest perspectives grant the clearest views.
*Note:
There is definitely room for wave C to push...
Hello everyone! This is my first chart, so I hope you like it. There might have been other people that have already seen this, but I would like to give my view on this.
If someone takes a look on the last 1 year, he will notice that the bitcoin price followed a similar pattern to the one that gold had, with delay of 20-30days.
Also, in 2014 for about 215 days,...
A quick update to my wave count posted about two months ago. I modified the timeline of the labels - price targets remain the same. The sideways movement lasted longer than I had anticipated. Price stability in the low 400s area created a nice base for the recent rise in price.
Review the old post on cryptowaves.com for detailed commentary. Note that I changed...
I stumbled upon this etf today, I think the price chart is acting great, trending with more clarity than its underlying even.
I'm looking to enter long positions on this retracement that is being offered here, with a stop loss with sufficient margin to avoid being stopped on a retest of the mode support.
Good luck if taking this trade,
Ivan Labrie.
The Bitcoin chart is one that speaks volumes when you read it utilizing the methods devised by Tim West.
If we look closely we can see that the monthly and weekly trends are up, and that we have potential for a breakout in the coming weeks.
Right now, the weekly is in a triangle consolidation but the breakout should happen relatively soon.
We have 3 inside months...
![BTCUSD: BTC / USD in Potential Wave [3] - Updated Chart](https://s3.tradingview.com/k/kaJ5wuZV_mid.png "BTC / USD in Potential Wave [3] - Updated Chart")
