Jhawkfootball06

Jhawkfootball06

VEN just got done with a standard 5-3-5 ABC correction. Wave 1's impulse wave up was confirmed with Wave 2 ending at the .786 Fib level.

Jhawkfootball06

Historically, every BTC correction has hit or has gotten close to the 200-Day Moving Average and bounced off that. This correction just hit it and is currently bouncing off. In fact, Bitcoin has not been below the 200-Day Moving Average since October 2015 when it surpassed it. So this has been an almost 2.5 year trend. The correction is over.

Jhawkfootball06

BTC is creating a bullish butterfly. Good time to buy now.

Jhawkfootball06

Blue line is the larger outlook, white is counting the Elliot Waves on a smaller scale.

Jhawkfootball06

BTC is performing a standard Elliot Impulse Wave (1-2-3-4-5) with a projection that it will have an ABC correction that will make a H&S.

Jhawkfootball06

BTC is hitting a major support line on three different levels with the start of a H&S pattern developing. It could go up to $12,000-$12,200 and test a major resistance line that started from $20,000. It could then finish the H&S pattern with continuing down to $8k.