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Hey everyone.
My thoughts on LTCU18 on Bitmex.
Looks like we saw 5 waves down, and now it should retrace upwards. I think 0.382 Fibb level.
Comments are always welcome
What do you think about this idea ?
extension of 1.618 is 7800 which looks as amazing support overall.
1 thing - you can see "ABC" in the background as correction of the wave count before. maybe its not ABC and its 12345 going down ? what do you think ?
BTCUSD elliot wave 15m chart analysis - bullish.
retracements and extensions are written on the chart.
1 longer-term chart will be uploaded in a few minutes.
Elliot wave count here is based on the fibb levels. and NOT accurate.
but we can see an ABC correction ended. thats why I think we have an up trend forming slowly now.
ABC/ABCDE correction now in play.
More Elliott Waves count for the 15min chart for BTCUSD.
higher targets are in two options - yellow / orange, written on the chart.
1-1.618 extension for the yellow count, or 1.618-2.618 extensions for the orange count.
Moshe
Based on Elliot wave TA, we have finished wave 5 to the low-trend.
There are much BULLISH signals now such as double bottom @ RSI , big volume rise, MACD bullishly converging.
Based on .618 Fib Retracement level, we are going up high back to T1- 13000$, in 1week-2week time frame.
Regards, Moses
TA for the 5th wave.
RSI is good (mid-range)
MACD about to crossover
We had a good bounce from the 55EMA
volume is abit low, 5th wave will be short.
long T1 - 8700
T2 - 8900~9000
