MonkeyMagic

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BTCUSD 66% | 2 TRXBTC 33% | 1
MonkeyMagic MonkeyMagic BTCUSD, 60,
BTCUSD: BTCUSD short term - ABCDE correction in progress?
58 0 0
BTCUSD, 60
BTCUSD short term - ABCDE correction in progress?

BTCUSD might channel up and down a couple more times, didn't look like a large enough a correction as an ABC after the strong wave 1 impulse from 7.8k. A more prolonged flat channel might be the answer. If it plays out, larger wave 3 should be in play next taking us higher.

MonkeyMagic MonkeyMagic BTCUSD, 180, Long ,
BTCUSD: BTCUSD
40 0 0
BTCUSD, 180 Long
BTCUSD

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, ...

MonkeyMagic MonkeyMagic TRXBTC, 240, Long ,
TRXBTC: TRXBTC middle term analysis
71 0 0
TRXBTC, 240 Long
TRXBTC middle term analysis

Similar triangles highlighted forming on wave originally spotted by @Gokic, second one is approx 1/3rd bigger so extending the waves from the 1st one by a similar amount for the second set. Long term support line is in yellow and has held so far. Larger blue impulse could retrace to that putting it in the 0.682 fib area for the retracement. Comments welcome!

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