BTC EWT Analysis

18. Jan. 2018

BTC headed for 6k.

19. Jan. 2018

Trade ist aktiv

Wave 4 correction finished. Wave 5 down to 6k is now in progress.

19. Jan. 2018

Anmerkung

20. Jan. 2018

Anmerkung

BTC/USD

If BTC breaks up here, I believe it is completing a C wave in the 4th wave retracement. My bearish count remains my primary count until the 13k invalidation level is breached. 6k is the target with proper fib ratios, though I believe we wont go lower than 8k.

20. Jan. 2018

Anmerkung

23. Jan. 2018

Anmerkung

Update. One last leg down.

24. Jan. 2018

Anmerkung

Wave C for Wave 4 complete. Wave 5 beginning.

25. Jan. 2018

Anmerkung

Probable pathway for a 6k target.

26. Jan. 2018

Anmerkung

Possible alternative.

26. Jan. 2018

Anmerkung

Current subwave path for the 6k wave count (Subject to change).

26. Jan. 2018

Anmerkung

Here is a subwave count of the possibility for a larger degree Wave 4 corrective triangle.

27. Jan. 2018

Anmerkung

Larger triangle for wave 4 confirmed. Wave E complete. Down we go.

27. Jan. 2018

Anmerkung

7.7k Target.

27. Jan. 2018

Anmerkung

Possible Wave E throwover (bulltrap). Wait for a 12k break to confirm a bullish move to the upside.

28. Jan. 2018

Anmerkung

New trend line established. Calling the top of the triangle earlier might have been a bit pre-emptive.

As a side note, I want to mention that this analysis will remain bearish until the main resistance (around 14k) is broken. The goal of these updates is for you guys to be aware of any bearish scenarios that might play out, so that you don't get sucked into FOMO. Happy trading!

30. Jan. 2018

Anmerkung

My triangle is incorrectly drawn before. I had forgotten that the Wave B and D trend line support must *start* with the point of Wave B. Sorry guys! Looks like we have a bearish descending triangle on our hands.

30. Jan. 2018

Anmerkung

7. Feb. 2018

Trade geschlossen: Ziel wurde erreicht

6k hit.