Hello to all watching my charts.
I am back again with next analyses of Bitcoin in 2 HR and 1 HR
charts.
IN bigger view 2 HR chart here it is,
My shorttime channel shows long setup (green range)
My midtime channel shows trading range (blue channel)
between
7800 and 8300
So if you missed the long start yesterday best will be to wait
whether BTCUSD will climb...
We've been riding this descending wedge (reversal) pattern for the past 24 hours or so almost perfectly, which should culminate in a breakout (hopefully) to the upside as we near the end of this Elliot Impulse Wave (12345).
"Mr. Ichimoko" still says we're still in a downward/bearish trend, which impels me to follow the KS (red line) indicator and be very cautious...
Price action of Bitcoin (BTCUSD) from ~$6440.10 on April 01, 2018 to ~$9646.80 on April 24, 2018 is identified in this analysis to be a corrective price swing. Price action at the time of this post is possibly in the last stage of a Minute wave ((c)) i.e. last leg of an expanded flat Elliott wave structure.
The implication of the above is that a price move back...
