BTC EWT Analysis

18 ene 2018

BTC headed for 6k.

19 ene 2018

Operación activa

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

19 ene 2018

Nota

20 ene 2018

Nota

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 ene 2018

Nota

23 ene 2018

Nota

Update. One last leg down.

24 ene 2018

Nota

Wave C for Wave 4 complete. Wave 5 beginning.

25 ene 2018

Nota

Probable pathway for a 6k target.

26 ene 2018

Nota

Possible alternative.

26 ene 2018

Nota

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

26 ene 2018

Nota

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

27 ene 2018

Nota

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

27 ene 2018

Nota

7.7k Target.

27 ene 2018

Nota

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

28 ene 2018

Nota

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 ene 2018

Nota

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 ene 2018

Nota

7 feb 2018

Operación cerrada: objetivo alcanzado

6k hit.