HollywoodTrader

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About me 1st Assistant Director / Premier Elliottician
Joined So. Cal, U.S.A HollywoodTrader
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BTCUSD 100% | 3
HollywoodTrader HollywoodTrader BTCUSD, 5, Short ,
BTCUSD: Retrace to ~825
152 3 0
BTCUSD, 5 Short
Retrace to ~825

With my previous prediction complete, and luckily right on the money, here is my updated outlook.

HollywoodTrader HollywoodTrader BTCUSD, 5,
BTCUSD: Shake and Bake
230 0 0
BTCUSD, 5
Shake and Bake

I left my previous projection on the chart and we just couldn't get down there but the timing was pretty good. If this keeps grinding higher I expect we get to about 950 and then turn right back around down to the 800 area. At that point a better idea of a longer term bias can be determined.

HollywoodTrader HollywoodTrader BTCUSD, 5, Long ,
BTCUSD: "Ideal" Elliott Scenario
576 0 1
BTCUSD, 5 Long
"Ideal" Elliott Scenario

Mom told me to never guess the path of a correction, since they're the most erratic, but I learn the hard way. The Elliott Wave theory is strong in this one, so while this scenario might not play out exactly this way, I do feel that it will correct to 680-620 before thrusting to new highs.

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