Limitless-Investor

Limitless-Investor

We have to break red box to confirm that BTC is done correcting. A breakout from the bullish falling wedge is not a confirmation yet of a bull run as the likelihood of it dropping after a breakout is still high. I see 2 significant supports which are the green boxes. Breaking below the 2nd green box is a confirmation that correction is not yet over.

Limitless-Investor

I realized on my last analysis that we can't have an ending diagonal at my last forecast. Rather a continuation of the tested WXY-WXYXZ combo correction. Along with the 50 and 200ma DEATH CROSS. Trend is our friend. Simply break that resistance line then this bear scenario is invalidated.

Limitless-Investor

I am not inline with this. But as a reversal Elliott Wave trader I always draw scenarios because this strategy is a double edge sword. Only having 1 bias is not ideal. Basing on market psychology on my experience if we break this trend line likely it's a bull run. On descending/ascending triangles it often forms a new trend rather than fakeouts like...

Limitless-Investor

Am not in line with this. As long as it breaks trend line resistance am bullish. Trend is our friend

Limitless-Investor

I have 3 counts for ETH in my profile. Chart explains for itself.

Limitless-Investor

Hold your horses. I also have a bull scenario which in fact is already took effect. Tho this is subjective. This type of diagonal which I assume is ending should be found between wave 4->5 OR Wave B->C. Or probably a leading diagonal but a 53535. As long as we break above the resistance area which is on wave 4. THIS FORECAST WILL BE INVALIDATED.

Limitless-Investor

Bitcoin bottoming from here is likely due to signs of fractals and bullish divergence at the oscillator which are the MACD and RSI. Inline as well with CCI (Removed it so the chart is not congested). Inline with Elliott Wave theory and its subwaves finishing along with Fibonacci golden ratios 61.8 matching it. I see 2 possible bottom. 1st support box is the...

Limitless-Investor

We're coming closer and closer to the bottom of BTC. If following Elliott Wave theory we're already at wave 4 of the previous impulsive wave. And most corrections end at Wave 4. Plotting 2 support boxes in relation to CME gap, likely bitcoin is already bottoming and will either consolidate before rallying or go straight to the bull run. If we break down 2nd...

Limitless-Investor

Chart speaks for itself. The only invalidation will come is if price action goes below wave 2.

Limitless-Investor

Considering oscillators are bullish showing a bullish divergence play along with Elliott Wave hitting at 100% Fibonacci ratio saying that correction phase is over. Likely ETCBTC correcting is done and we're on our way to an impulsive rally. Bear scenario if it breaks support.

Limitless-Investor

Considering the daily time frame showing possible bullish divergence. If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8. The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is...

Limitless-Investor

While I do believe you should always have a bear and bull scenario. The bear scenario for this if it will break support which is inline with the Fibonacci ratio. Using Elliott Wave Theory after an impulsive 5 count (1-2-3-4-5) movement. Likelihood of the price action correcting is high thus followed by an ABC classic ZigZag pattern which is a 535 pattern. Inline...

Limitless-Investor

While I do have a bull count. Am more inline with this bearish forecast and count. History can repeat itself. I favor this more not just because micro count Bitcoin looks bearish in the short term but if it drops at this support then we can see a greater and bigger bull run for Bitcoin basing on Elliott Wave theory. But you can't be too certain it can still...

Limitless-Investor

Note: I also have a bear count which am more inline. Please check my portfolio. If we're following Elliott Wave theory. ABCDE- Triangle can only be present in Wave 4. And this is a clear ABCDE triangle with corrective waves within its subwaves. We're coming closer to a bull run if it follows this count. I don't suspect it to go sideways anymore. So we're 50/50...

Limitless-Investor

I was wrong. If you check my previous forecast I believe we're still gonna go one more time. But I didn't spot the 5 impulsive count between wave B->C. It was unusual and a difficult spot. You cannot spot it immediately at higher time frame only lower TF. That's why I had a bull scenario not just my bear scenario. Now am bullish with LTCU19 . I see this rallying....

Limitless-Investor

At weekly time frame you can cealrly see a bull divergence at the MACD and CCI oscillators. While at daily a clear divergence at RSI, CCI and MACD as well. Draw below is the possible movement of the oscillators that will create the divergence. While at Elliott Wave theory we're making a Combo WXYXZ 3-3-3-3 ABC correction. You can also notice the falling wedge...

Limitless-Investor

This is my long term chart which am more inline with. Am bearish with LTCU19. It can't be a 5-3-3 ABC Zigzag if we're following Elliott Wave theory. The count from B-C is only a 3 for now. That's why am bearish. Tho as I always say you can't be 100% bear or bull only. You have to draw 2 bull bear scenarios so you have a plan if it counters your bias. While a...

Limitless-Investor

I am quite certain that ETHUSD will soon go to a bull run. With a clear bullish divergence at Weekly time frame clearly showing that it's strong. On the daily time frame if you see it for yourself you can clearly see a falling wedge and a strong bullish divergence waiting to take effect. We already broken the trend line resistance in the short term TF -Time frame....