stiucsib86

stiucsib86

Breakout of ascending triangle will confirm the signal. However, do note that we are in a rising channel after downtrend, with low target of 3700 is rejected.

stiucsib86

We might be seeing BTC to retrace to 0.618 fib level @ ~$8500, before breaking out to the upside of about 1.21 fib extension level @ $10,300. This actually coincide with the BTC1! Futures gap at about 8700-9400 level.

stiucsib86

Short term trade idea: Long Still within descending channel. Expecting downtrend towards 0.78 Fib level. Then followed by a breakout towards Elliott Wave Count 4 @ $9000 level. Long term trade idea: Short Elliott Wave Count 4 @ $9000 level should be followed by a dip towards the macro 0.168 Fib level @ $7300 level.

stiucsib86 Updated 

If a breakout formed at the end of the current falling wedge, we might actually see the formation of Elliott Wave 4th count at about 8670 @ 0.5 Fibonacci level. Which might follow with a drop to 5th count @ 0.618 Fib.

stiucsib86 Updated 

Almost at the end of another falling wedge, also at the end of Elliott Wave 5th count. Target long entry at 8080, with possible breakout to 8280.

stiucsib86 Updated 

Elliott Wave count 4 is forming. The next target is around 0.5 Fibonacci level @ 8860 before the next dip.