THE FIFTH WAVE HAS ENDED? I DO NOT THINK SO. BTC DESTINY.
First I do not believe in my humble opinion that the Elliots waves works on cryptos.They are very complex to locate and synchronize. The margin of error is zero.
On the chart we see that after reaching the historical ATH, the price broke the main trend line (TL1) and tried to retest the ATH and found its Stop on the HH1.
I formed a new trend line (TL2) joining the critical and relevant points and the price was of HH1 to make a pullback in LL1.
It tried again and broke its trend at the same level as HH1. I named them HH2 to identify the pattern.
Again made a drop and ended up doing a new pullback in LL2 perfectly on TL2.
At this moment he is heading towards the HH3 and there can happen two things (no, it is not the Nike pipe)
You can make the recoil without reaching the HH3 or arriving definitively.
Here comes the moment of the greatest and last setback of the previous 3 months.
Two scenarios:
0.382 FIB USD 3.7 / 3.8K and continue with the bull run to far surpass the 5.2 K
0.618 FIB USD 3.1 / 3.2K + bull run.
Sorry but in my previous charts I was erratic, maybe for lack of practice, but I take care of my mistakes and I apologize.
Thank you as always to everyone!
On the chart we see that after reaching the historical ATH, the price broke the main trend line (TL1) and tried to retest the ATH and found its Stop on the HH1.
I formed a new trend line (TL2) joining the critical and relevant points and the price was of HH1 to make a pullback in LL1.
It tried again and broke its trend at the same level as HH1. I named them HH2 to identify the pattern.
Again made a drop and ended up doing a new pullback in LL2 perfectly on TL2.
At this moment he is heading towards the HH3 and there can happen two things (no, it is not the Nike pipe)
You can make the recoil without reaching the HH3 or arriving definitively.
Here comes the moment of the greatest and last setback of the previous 3 months.
Two scenarios:
0.382 FIB USD 3.7 / 3.8K and continue with the bull run to far surpass the 5.2 K
0.618 FIB USD 3.1 / 3.2K + bull run.
Sorry but in my previous charts I was erratic, maybe for lack of practice, but I take care of my mistakes and I apologize.
Thank you as always to everyone!
Trade active:
UPDATE 12/09/2017
Another new test, forming a new HH3 perfectly in the TL2.
Not to lose sight if it breaks the new resistance TL2
Another new test, forming a new HH3 perfectly in the TL2.
Not to lose sight if it breaks the new resistance TL2
Comment:
Comment:
TL2 BROKEN
