BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Not amazingly original, other TA has observed these patterns but this is my Elliot wave take on possible price targets.

Two head and shoulder patterns (second one not yet formed) are helping confirm the neat Elliot wave channel that BTCUSD is carving out. I used these, and Elliot wave typical ratios to plot the Elliot wave lengths. (wave 3 mostly 1.618 x wave 1, wave 5 same length as wave 1)

Green impulse, wave 3 is 2.618 X wave 1, hold on to your hats!

If this plays out BTCUSD will be challenging AllTimeHighs at the completion of this wave.

Be aware that this impulse could be wave B of an ABC correction from the AllTimeHigh meaning it could still turn around and a new low of 3-5k could be expected.

Trade cautiously but with conviction!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out