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Nickonomics
8 мая 2018 г., 07:36

Bitcoin (BTC): Wave pattern & Key Levels 

Bitcoin / DollarBitfinex

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The price of Bitcoin hasn't changed much since my previous idea: I still expect it to reach 9600+ before reversing for a deeper correction. This time, though, I would like to present you with my wave count for the short-term trend. The 5--wave nature of the bullish advance is pretty much obvious, and should be followed by a 3--wave correction. Its first leg began on May 5 just below the 10k mark. Currently, I have little doubt that the price will drop below 8650 within a week or two, so the question is where to go short. 9600+ seems to be a reasonable resistance cluster at the moment. I will keep you updated on a shorter term basis.

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EOS update from yesterday's idea:

1-hour bar close above 18.0 triggered the entry.

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Hourly close above the neckline activates H&S on IOTA chart:

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Massive gains in IOTA $$, 2.54 target hit. Look for continuation patterns between these two levels for new entries:

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EOS isn't looking safe after this Rising Wedge has emerged:

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Closing 1H and 4H candles below support is detrimental for BTC. Headed to 8900
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bocaron
pizdobol
tomjerry1941
@bocaron, nenravitsa- vykliuchi televizor, kto tebya derzhit, skrepnyj?
bocaron
@tomjerry1941, ili tyani-tolkay, nichego, chto ya po-angliyski?
suvorbtc
@tomjerry1941, 4to takoe skrepnyj?
UnknownUnicorn1065329
My for last plan...


Last plan...


New plan ( •_º )

A Bit more bearish then Nick.
PatienceIsParamount
@Bleek, why ACDE correction, why not just ABC?
UnknownUnicorn1065329
@PatienceIsParamount, If you look at the indicators you see most of the time 3 waves uP and 3 waves down. Elliot was probably a nice guy but ...
koster06
Poslushal Nick i vyshel iz shorta. Voshel v long, chtob uvidet' 9650, no uvidel lish 9070! Spasibo very much!
denrussia
@koster06, same here(
denrussia
@denrussia, but its not him fault ofc
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