Eloquent

btc 9\15 update

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Eloquent Обновлено   
BITFINEX:BTCUSD   Биткоин
starting to look more and more like something bigger is going on.

we're either forming this bigger triangle for a larger distribution phase,

or this current move up is wave (2) of a 5 wave impulse going down

i'd prefer the triangle, but i'll take the 5 wave impulse any day.

if it is a 5 wave impulse, wave (3) goes to 34k.

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triangle downside target for wave B = 39.3k (0.50% fib retracement)
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if anyone is paying attention to btcusdshorts, its up 55% over the last 24 hours

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i uploaded a video on my youtube channel explaining this entire structure - check it out if you're interested ~
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49,362.80

that is our magick algo target.

best of luck!

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back in May, btc retraced to the 0.707 algo target before it capitulated.

Our upside target for this move, just so happens to be at the 0.707 algo target.

coincidence?

i think not.

may:

today:
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while btc dances around, here's a long setup for Fantom

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triple 3 into the 4


picking up some more ftm,iost,ocean,xrp,ada on this dip
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i'm starting to feel a little bullish to be honest with you all.

the doom and gloom roaming around recently is kind of a buying opportunity from my perspective.

have a feeling there's something else going on, something bullish.

will talk more about it in the next post

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