BITCOIN (BTC) Elliott Wave Analysis: All Time New Highs Dead Ahead!!
SUMMARY
For Bitcoin, All Time New Highs are Dead Ahead!
My primary Elliott Wave Count of an Expanded Flat ABC correction still stands valid. The Expanded Flat correction requires a new all time high to be achieved and I've stated this consistently. I've revised the micro counts with consideration of Fibbonacci levels. At 1.236 Fib retrace, the target is around $5,450; though this level is not required to be touched in order to mark the top of Wave B. I also expect the Altcoins to start printing more and higher green prices and follow Bitcoin up. I've also written consistently about this non-phasic to phasic transition.
I have rescinded the unfilled profit SELL ladder rungs and will recast them at higher levels of $5,200 to $5,300 or so. This is in adherence to target profit ladders as close to the very last fifth wave possible. The video analysis as much more details.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Sounds good to me
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Which exchange do you trade on? I ask as I am interested how you have sell ladders at prices lower than the current price? Don’t they get filled immediately?
You can use a Stop limit order for this.
It is available on Bitfinex.
I haven’t really used bitfinex
All exchanged I've used allow this.... are you on Bittrex?
If so, you must make the trade conditional....ie: if this price is <=100 buy at 101
BTC hits ATH! you're a genius @haejin!
what is going on haha how can something rise so quickly. I had to leg it from my car into the office
‘This is going near $6k before correction
Possible.
Resteemed
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STOPAnd after a B wave completes...that means a C is following....time to go skiing...long way down.
Air pockets
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Does TA suggest alts going down too after BTC wave c completes? Or are we just assuming they will follow Bitcoin? Could they (some) not only become non-phasic but actually completely decouple?
I don't believe any coin has shown that quality enough to make any assumptions of what they might do. As to this point in time, it does look like the alt coins will follow the bitcoin fall. Anything that looked inverse at one time, has become phasic again. It is entirely possible that scenario could present itself, but that is a very tough line to tow without prior indication.
"Extraordinary claims require extraordinary evidence"? Good point.
Amazing video! Thank you:) Massive profits to you!
Hi Haejin, thank you for the great post. Could you please do TA for Verge and Stratis?