isaacanim

isaacanim

Wave 2 has found support on the 61.8% fibonacci level of wave 1. I will wait for price to break the marked reistance zone to enter a long trade and aim for 350 pips against a 130 pip stop loss. If you cannot hold a trade for at least one month, do not enter this trade

isaacanim

I made a post on bitcoin going up on November 1st. As you can see, price is moving exactly as predicted.

isaacanim

This analysis I made on November 4th has hit our target. 70 pips win

isaacanim

Wave 2 has probably found support on the 0.5 fibonacci level. According to elliot wave count, wave 3 is mostly the strongest. If price is able to break the upper channel, then get ready to trade wave 3.

isaacanim

This analysis I made on November 2 is right on track. As you can see it reversed just to stop out those who put their stoploss right behind that resistance level, causing a lot of fear and panic. This is why you should not put your stop loss too close to your entry level. If you entered this trade, I think now is a good is a good time to move your stop loss to entry level.

isaacanim

If that support and channel are able to hold price from going down, I am going long

isaacanim

I suspect wave 4 will find resistance on either 0.382 or 0.5 fibo level. Wait for one of these levels to hold before entering a sell.

isaacanim

Entry has already being trigered at the time of making this post. As you can see price is bouncing of the descending channel. Aim for about 60-70 pips on this trade.

isaacanim

Wave 4 looks like its forming a flag. You can enter when price breaks the upper channel. I suggest you aim for 100 pips

isaacanim

Wave 4 looks like its forming a bullish flag. Wait for price to break the upper channel before entry.

isaacanim

Bullish flag has formed. You can enter when price breaks the upper channel

isaacanim

An ending diagonal has formed at the end of wave 5 sending a reversal signal. Wait for price to break the marked zone before entry.

isaacanim

BITCOIN UPDATE Wave 4 still respecting the channel. Can't really tell where wave 4 will end but I suspect it will end on the 0.382 fibo level of wave 3 which is pointed by the small arrow. If I am right, then be prepared to trade wave 5 any moment from now.

isaacanim

According to Elliot wave theory, wave 4 should never cross the price area of wave 1. If my analysis is right, wave 4 should not go further than the 50% fibonacci level of wave 3. If the marked support zone is able to prevent price from crossing wave 1, then we have a valid long trade. There is also a possibility that price will not even get close to the support...

isaacanim

Price has broken the support level and tested it again while it continues to trade in the channel. This is a risky trade because price is overall bullish on the daily timeframe. Enter with caution

isaacanim

Ending diagonals are strong reversal patterns and in this case, price has tested a long term bearish trendline. Wait for price to break the marked zone before entry

isaacanim

Price broke the trendline and retested it after. Entry confirmation has already be triggered at the time of making this post. Sorry for the late update

isaacanim

Flag setup is a strong continuation move. Wait for price to break the the marked zone before entry