Due to strong impulsive waves (visible on a lower time frame) it looks like AB is now complete to create 2/3 of an expanding flat correction. I'm planning on riding wave c down to the 61% Fibonacci and taking profit in and around that zone if there is a strong buy signal.
A bounce of the 38% fib and bullish impulsive waves on a lower timeframe, provides a buy signal
An ABC correction is forming after a couple of weeks being long. In addition, a bounce off the fib provides a nice short to ride wave c.
ABC correction formed, giving us a nice impulsive wave structure for a short
After last weeks five 5 days of retracement/consolodation, we finally hit the 38% fibonacci to complete the large pull back. This gives a nice buy signal with a tight SL
Price is making a push to the downside with eyes on the ZIG ZAGs wave C target price. It has potential to retrace deeper before going for the big short but with risk reward ratio so huge we can go in now.
An expanding flat (ABC) off the back of an impulsive move, gives us a nice short signal. This has potential to retrace more but I'm getting in early.
Another bullish move for the cabel today. A nice bounce of the 38% gives us a buy signal
Nice price rejection of expanding flat correction. Impulsive wave forming now to the downside. This may take time with multiple support points
A weakening dollar across the board and a rejection of the 38% Fibonacci gives us a nice buy signal.
Bitcoin bulls are back and it looks like we're on for another roller coaster of price increases. Told tight.
Wave 3 forming, after a simple ABC correction on the 4 hour timeframe
Based on Elliot Wave theory. Continuation of Impulsive wave to the downside