I haven't posted an update in a while. Here's a quick teaser of my review of the wave count. Please check back tomorrow for full commentary on my website. For now, the text on the chart outlines my current thinking.
Buy the dip once it dips more, essentially.
Please see my post on Cryptowaves.com for commentary on this chart. Any questions or requests for clarification on the count can be left in this TradingView Idea, or on the website.
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 ...
Most Elliott Wave counts for Bitcoin are oversimplified or incomplete, failing to identify nested waves of different degrees. Here I propose a double zig-zag correction for a potential Cycle 2 bottom.
The recent drop in price has made BTC retrace nearly 88% of the all time high at 1165 in November 2013. I am ...
An update to the Elliot Wave count I have posted previously. As long as the previous low for wave ii-(1)-3 at around 390 holds then this count looks good.
Detailed price commentary including indicators to follow this weekend on my website, hopefully.
BTC price dropped slightly to the 8 day EMA. Moved into a long position at 631 with 2/3 of my total and will add 1/3 if it drops to the 21 day EMA. My stop is a close below the 21 day EMA
The squeeze indicator combines bollinger bands and keltner channels to identify when the market is ready to move in a ...