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19 Oct - ETHBTC Elliott Wave Update

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MAID triangle

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Did it happen?

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Just a thought

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Dash is showing a nice contracting triangle which will result in a large move either way. I'm thinking it will first complete the whole structure before starting the next impulse up. But I'm nog really certain at this stage.

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I'm waiting for the bounce of this trendline before I buy more BTC.

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FTCBTC has broken though a short term support trend line and it has touched the mid term resistance trend line. So I'm in a short right now

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Based on my Elliot wave analysis there is a possibility BTC is very soon going to enter the C wave of the large correction. Off course BTC can hit to around 1400 USD first before entering the C wave. But I don't think you should expect BTCUSD to go up far above 1500 USD in the near future. This chart is in logarithmic scale.

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There seems to be a cycle of approximately 100 days where price forms the shape of a bowl. As you can see we now reached to uptrend of the bowl and I currently think we are in wave 2 of the larger motive wave. The cycle will probably be completed around October. Please let me know if I do the labeling wrong. I am very new to Elliot Wave theory, so any help is...