CFcryptoTA

BTC correction status update

Long
BINANCE:BTCUSD   Bitcoin / U.S. Dollar
BTC is keeping up the expectation. Nice small trades to be taken short term. Just wanted to share this so I can say... "I told you so". Elliott wave once again playing out, Wave 1 formed in the hourly. We should have another attempt to 35k in the next 8 h then we will have a small retracement to test resistance turned support seeing 32500 maybe once before to head to 42 k to complete wave 3. I also draw a nice EW channel to show you res n supp. Also just to show you how many patterns are forming we have 3 mountains (triple bottom) creating and also a nice EW triangle (Orange), so sit tight cause we are gonna move soon.
Comment: 4 days later, BTC has moved almost exactly as predicted. We touched the resistance at 36800, although I thought it would run out of steam at 35600. Nevertheless, now is retracing perfectly, and we should be bouncing in the next few hours from 33300 to break the resistance and move our way to 42 k at the top of the channel. Get ready for the next move up. Other cryptos are following...watch out for ICP, one of my favourite.

Comments

Keep it up man, interesting stuff!
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CFcryptoTA Zen_3_6_9
@Zen_3_6_9, Thank you! Will do. feel free to share your opinions whenever you like. Constructive discussions are always welcome.
+1 Reply