BTCmillions

BTCmillions

Using simply some of elliots wave and prior resistance/support levels again, I have reevaluated and guestimated the very worst possible case scenario of 2018 for BTC. If shit goes sour, we could see BTC retesting $1600! This is not financial advise! Don't listen to me!

BTCmillions

Since every 2nd person online can be an expert, heres my take. If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles. If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880...

BTCmillions

To further my claims from my last chart where it was brought to my attention the 6th of each month seems to show significant price action I ave now decided to see how Fibonacci ties in. From the price rejection at the upper trend line to the lower trend line touch today, the 0.786 & 0.618 re-tracement lines almost coincide with my predicted resistance levels at...

BTCmillions

Okay, so after reviewing some more ideas and information this morning, I have updated my chart - I know, my charts looking cluttered, but I am new to tradingview and unsure how to hide changes in the free version. It has been brought to my attention that almost inline with the 60day cycle I pointed out in my last post, that on the 6th day of each month there...

BTCmillions

Based on this amateur TA, I think we are may see a bounce off of either the 7058 or 7188 level - within this vicinity give or take. These seem to swing zones of support and resistance on prior waves, assuming we do not see a dump and my TA count for Elliott waves are correct; we should see a bounce within the next few days. The RSI is approaching 30 and...

BTCmillions

This is my overall idea for Elliot's wave theory in regards to our current position on BTC to-date. This is my first time publishing and do not consider myself an expert in the theory (or crypto for that matter) nor do I consider this the correct method used to analyse with Elliot's wave. I use the theory simply as a guide based on previous movements to point me...