BTC BITCOIN- EW count starting wave 3? BULLISH
5/20/18
- Here is my current elliott wave count and what I see playing out for summer
- We've retraced back to the 0.618 fib levels from the previous high of 9900
- possibly started wave 3 which could extend to the +13000 levels by the end of summer, but need to watch the first 3 targets listed on the chart for confirmation
- 80% chance we reach the midline of the pitchfork ~9100, which is a confluence zone with the white downtrend line, previous high resistance, and the 0.236 fib levels.
- We need to get through this high resistance zone as well as the high resistance zone at ~9900-10000 for the projection to play out
-RSI currently looking bullish forming higher lows on the daily
- Stoch RSI bottomed and curling up
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- Here is my current elliott wave count and what I see playing out for summer
- We've retraced back to the 0.618 fib levels from the previous high of 9900
- possibly started wave 3 which could extend to the +13000 levels by the end of summer, but need to watch the first 3 targets listed on the chart for confirmation
- 80% chance we reach the midline of the pitchfork ~9100, which is a confluence zone with the white downtrend line, previous high resistance, and the 0.236 fib levels.
- We need to get through this high resistance zone as well as the high resistance zone at ~9900-10000 for the projection to play out
-RSI currently looking bullish forming higher lows on the daily
- Stoch RSI bottomed and curling up
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Note
A cleaner view with fib levels removed
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.