Quick and dirty outline of waves
Just some quick and rough sketches: import targets are 3600, 4200 and 5k.
Now, let me be the first to say that I don't believe in predicting targets this way. First of all, BTCUSD is too twitchy to make accurate predictions at the moment. Additionally, it's all about counting waves and subwaves for me - these Elliot waves will be adjusted and re-adjusted in the upcoming days. Once first waves become more clearly defined and clear pivots appear I can start overlaying fibonacci levels to see which hypothesis works best on what's already manifested itself. As is at the moment, there's not enough info to do more than this type or roughing-things-out.
Either way, I'm think we might be seeing a nice drawn out triangle for the first day or so, going into wave 2 of 2 of 2 of 2 :-) After that, I'll have more to go on.
Now, let me be the first to say that I don't believe in predicting targets this way. First of all, BTCUSD is too twitchy to make accurate predictions at the moment. Additionally, it's all about counting waves and subwaves for me - these Elliot waves will be adjusted and re-adjusted in the upcoming days. Once first waves become more clearly defined and clear pivots appear I can start overlaying fibonacci levels to see which hypothesis works best on what's already manifested itself. As is at the moment, there's not enough info to do more than this type or roughing-things-out.
Either way, I'm think we might be seeing a nice drawn out triangle for the first day or so, going into wave 2 of 2 of 2 of 2 :-) After that, I'll have more to go on.
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