BTC BEST Buy Zone for the Last Wave During Consensus 2018

14 мая 2018 г.

Everyone is Super Excited with the up coming Consensus on May 14 - 16th and waiting for the Bulls to Arrive soon

We are still in the Last Wave ((v)) of the Wave A Correction ready to go to Wave B.

In that last Wave ((v)) we have 5 subwaves ( Wave (i) - (v) ) and I have done Wave (ii), (iii), (v) Projections according to EW Fibo levels.

According to all that the "BEST" buying zone is after Wave (iii) is completed as we don't know whether we will have a Truncated Wave (v) if the Wave (iii) is strong which will not pass Wave (iii).

See more about Truncated Wave 5 here: thepatternsite.com/EWTruncation.html

Also the last Wave (v) of Wave ((v)) of Wave A will be completed in 2-3 days as we are still in Wave (i). Please note that Wave iv is usually 0.5 - 0.618 but we had only 0.236 in Wave ((iii)).

RISK DISCLOSURE:

Please note that this is purely Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences

14 мая 2018 г.

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We are on Wave iii of Wave (ii) going up to 0.618 - 0.8 of Wave (i)

14 мая 2018 г.

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14 мая 2018 г.

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Good starting point to understand these waves:

stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory

14 мая 2018 г.

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We had unexpected volume during the Consensus which took the price to 8800+.

Our projected Wave (c) was between 8.8 - 8.9+ but it didn't manage to break the Bottom of Wave (a) @ 8209. Which means that we are still in that correction wave ((iv)), Wave (b) going to (c).

We also had double bottoms & Triple bottoms @ 8350 and we should've waited until the price break of the Wave (a) @ 8209 for a Wave ((v)) confirmation. Lessons learned

14 мая 2018 г.

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Also the Market will continue doing what it was doing before going down on Wave ((v)) before going up 1k+ on Wave B

14 мая 2018 г.

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15 мая 2018 г.

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We got a Extended Wave (c) and inside that we got 5 subwaves (i,ii,iii,iv,v) and we are
in the last wave iv going v.



In that Impulsive Wave v we got another 5 waves. When I calculate According to these values

Wave iii = 1.618 x Wave i
Wave v = Wave i

I can see that Wave v completes at the top doing a Double top ~8.9k



If BTC goes above 9k then most likely we need to recount the waves to find whether we are in a different Corrective Wave pattern (Not ABCDE Triangle Pattern)

15 мая 2018 г.

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I have also done the Trend Channelling method to find the Wave v target according my previous Idea:

This is the current Wave v projection according to that:



According this 2 types of Wave v Projections it seems like Wave v completes in 8.9 - 9k area



If BTC Correction Wave (iv) Completes here then it's time to go down to the "FINAL" Wave (v) then I will do an update with the new "BEST" Buy Zone.

16 мая 2018 г.

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Last Wave v just started

16 мая 2018 г.

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16 мая 2018 г.

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BTC should reverse between 0.5 - 0.618 of wave iii. If it continue going above 8.6k means that wave v is truncated

16 мая 2018 г.

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