Bitcoin / South Korean Won BTCKRW

My guess.FYI Im not a professional trader. Just having fun!

BTCKRW/(BTCUSDT*USDKRW)*100 is a great tool to check the KIMCHI Premium bithumb - binance

Not going to get into too much detail here. I covered these targets in the 2hr update, but I wanted to post this for tracking purposes and to show the sub-wave count for this leading diagonal. We should expect to head towards $7620 here, this is the 0.618 fib extension of wave (3). However diagonals have a tendency, especially in BTC, to overthrow on wave 5 so ...

A follow up to my last post. Here we are looking at the breakdown of wave (b) of wave circle iii. This ABC is a zigzag given the 5-wave substructure of wave (a). I will get into the nitty gritty of this micro-wedge in my next post, but it looks to me like wave a of (b) is a leading diagonal. Again, this count invalidates if price moves above the previous high of ...

I wanted to start tracking my primary BTCUSD wave count. This post will be for the larger time-frame count and will follow up with two more zoomed in counts, and potentially some alternates. I will try and keep this thread as the primary one for tracking purposes and update as this unfold, or until it invalidates. I currently see us being in an ending diagonal, ...

Posting to wrap everything up, mostly for tracking purposes. This is currently my primary count for BTC. I expect we are finishing (finished?) up wave 5 right now, and should be getting into our wave B. $8300-$7800 for wave B, $5500-$4700 for wave C.

Tracking purposes only.

long on blue box tg1, tg2

Falling wedge within pennant, and inverse h&s - showing the end of wave 2 and hopefully the start of wave 3. Bullish divs on a few timeframes and selling is starting to dry up. Distribution done, time for a move to 10k before we decide what to do from there. Happy trading!

Another fractal for you going back to 2014 for BTCUSD. Fairly self explanatory, but I will update as I investigate it further. The major differences here is that the 2014 fractal tops out before falling into the harmonic bearish gartley. Currently our bearish butterfly is leading into our top. I actually have that recent high as an expanded flat in my EW count. ...

Been out of the country, going to try and start posting some charts again. Given recent market movements, there is a strong case for the bulls, which I will post following this. I am, however, still in favor of staying in tune with the trend until it looks invalidated. I think the bearish case would be we are either going to consolidate in a sym triangle here for ...

BTCSKW pulled back twice to the lower trendline of the rising wedge. I've indicated where important support is located and the price target should we break lower.

My price target for the Bitcoin/SKW using the Rising Wedge is the S.K.W. equivalent of $7770. But we'll see if price turns back around at the bottom side of the rising wedge trendline. I remain short for now.

Bounce on trend line Big support Waiting for a breakout.

The Bitcoin/Won price is a more clear rising wedge with busted breakout/throwback. IF Bitcoin/SKW reaches the price target, then we should expect a rapid return to $7700, depending on how much of a premium/discount the Kimchi price is. Right now the Kimchi is UNDER the USD.

Bitcoin is trading around $8030 at the moment, which is $300 lower than BTCUSD on Bitfinex (what an Arb opportunity!). It's in a clear rising wedge.

In light of this morning's move up I am changing my count to a channel down for wave c of 4. I suspect one more leg down to finish off this bear run. We could see some more upside today. I would guess around $8300, and anything over $9300 invalidates this count.

This could very easily be a channel in which case we would expect a higher wave circl iv, but for the time being I am watching it as an ending diagonal. I welcome feed back. First target: $6000-$5500 Second Target: $5000-$4700 *THIS IS NOT TRADING ADVICE*