UnknownUnicorn13341406

UnknownUnicorn13341406

The Market has created a Corrective Elliott Wave Barrier Triangle. Correction is expected to end together with the resumption of the uptrend.

UnknownUnicorn13341406 Updated 

After having posted my previous Complete Elliott Wave Analysis on BTCUSD , I now focus on smaller timeframes (e.g. H1), where a Contracting Ending Diagonal Pattern is being formed on smaller Market Cycles. Potential Targets for the end of wave iii of the Microcycle amount to $18,066.35 (50.0%), followed by $17,630.99 (61.8%) and 17,087.74 (78.6%), as well....

UnknownUnicorn13341406

To the trained eye, a simple chart of price action depicting the corresponding waves, is as beautiful as any work of art, while it must be referred that technical analysis is an art by itself. More specifically, in the above chart we can see the underlying beauty as well as symmetry of Bitcoin's price, tempered and forged by the expectation, biases, and emotions...