Seems to be a flag pattern forming on BTCUSD, currently in Wave D. All movement in the flag are ABC's, meaning each ABCDE wave in the flag all have ABC patterns or 5-3-5 patterns. At the end of the flag we should see $8500 bitcoin followed by an impulse wave to $15,000 and if impulse wave is extended, prices will go to $17,000.
This wave 1 looks kind of small and could just be the inter wave 1 but nontheless be ready at 50% retracement of Wave 2 to Wave 1 to catch the long of Wave 3 which should give you a very nice risk to reward.
I saw so many posts on BTTBTC so decided to jump on the bandwagon and do an analysis of my own. I think BTTBTC is on Wave C correction and will see at least 22 sats in the near future. If Wave C extends, we could see more before the next impulse wave.
Look's like I missed an earlier entry at the end of Wave 2 which almost retraced the entirety of Wave 1. Looking at playing the entry of Wave 3 of Wave 3 as Wave 2 of Wave 3 just finished. What a tongue twister.
Wave B did briefly touch 50% fib retracement of Wave A but Wave B consolidation looks weird. My gut feeling is that Wave B is not complete and may hit 61.8 of Wave A? If Wave B is done then we are heading to Wave C which will be approximately the 100% extension of Wave's A and B.
AGAIN! I am a EW newbie so do not believe what I post, do your own research.
Looks like ADAU19 on Bitmex entered an extended Wave C, up until this point I could 6 maybe 7 waves already and will go up till 9 theoretically. If that happens, 2.618 extended fib is highly possible which is at 708 sats.
Wave B is still finishing, my entry target is around the 50% fib of Wave A which Wave B will finish around, if not 100% Wave A is my stop. My take profit target is 100% fib extension of Wave A and B for Wave C.
I'm not sure if i did the counts correctly for EW as I am a newbie. I'm playing the wave C correction as I believe wave B just finished. Reason why I think Wave B is done or close to being done is because it corrected past the 50% fib of wave A.