Elliott wave Analysis: BTCUSD Looking higher

BITSTAMP:BTCUSD   Bitcoin / Đô la
As expected, BTC is moving nicely higher and there's room for higher levels as long as the price keeps trading above 7170 level, especially because February lows still hold and bottom can be actually in place, but first we want to see five waves up from the lows to confirm a bullish reversal.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Bình luận: BTC was slow over the weekend and currently can be forming a small triangle pattern within wave iv, so wave v of (v) towards 9200-9400 could be next move. Just be aware, because deeper pullback may occur soon.
Bình luận: Good morning Crypto lovers!
As expected, Bitcoin declined from wave 3 resistance and price can be now unfolding three waves (a)-(b)-(c) down within wave 4 correction, where support can be reached around 38,2% Fibo. retracement and 8400 level.
Bình luận: As expected, BTC can be unfolding a three-wave (a)-(b)-(c) correction, where currently can be falling exactly from 9500 level and 78,6% Fibo. retracement within wave (c) towards projected 8400 level.
FX and Crypto Service:
Hi Boss, do you thing it's gonna be expanded flat ABC correction?
have a look at my chart
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ew-forecast malditoduende
@malditoduende, yes, can be! good chart!
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malditoduende ew-forecast
@ew-forecast, thank you so much! it's a good chart because you are my mentor! keep it up!
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Please i hope to give us update because i sell btc in 9220 price now i think this is not wave c .
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thank you for analysis but i ask ...still last update is valid ? i wait btc long time to drop and i cant count 5 down wave until now .
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hossamino hossamino
@hossamino, i talk about wave C
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Greg, Todd has a more bearish count going to 7000 I'm not sure what he's looking at but yours is at least it's a little bit more favorable for longs
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Since this is wave 4, can we expect more that it will develop as a triangle rather than zigzag?
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ew-forecast NurlanAvazli
@NurlanAvazli, Hi. Our primary view is zigzag, because of 5 waves down into wave (a) and we still see room for lower levels.
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Zigh72 ew-forecast
@ew-forecast, Hi, as of today 01/05/2018 on BTCUSD it seems like 5 waves are there on wave C, do you think there will be any further downwards or now we can see an uptrend ? Appreciate your comments please.
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