pato
Giá lên

BITCOIN ready to leap?

BITSTAMP:BTCUSD   Bitcoin / Đô la
After a text-book 50% correction of the green 1st wave impulse, it looks like BITCOIN             could be on its way too see $3000+. Lets see if bullish sentiment persists and if so $3500-$4000 doesn't look far fetched.

Check out the previous analysis to see just how we got here. Find it linked below.
Bình luận: BITCOIN looks to be struggling to find a floor, HERE ARE TWO POSSIBLE SCENARIOS:

This points at bitcoin having completed a 3rd wave and is now declining to at least $1896 in order to completed a 4th consolidation wave.



However, there is still potential for a pickup as the internal waves make it seem like we aren't done with the upside.
Bình luận: If we keep selling off I think we get something like this playing out.

Bình luận: Looks like we may have found some buyers..Lets watch out for some followthrough
Bình luận: Bitcoin looks like it may settle below $2000 before longterm buyers come in.

7 billion have already left the market
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pato mozartc
@mozartc, wow..im really keen to find out where this goes. Ill keep updating this post as time goes by.
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Do you think the 2300 support holds?
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pato mozartc
@mozartc,I think sellers have broken it. We still have 2119 to break, but here is a bearish scenario
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@pato, Negative information now and we would see the chaos
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pato mozartc
@mozartc, yep..has anything fundamental changed though? How come all the cryptos are sliding?
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What was the rationale for the (iii) & (iv) labeling? Why not late may making latest high (v)?
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pato jpdemas
@jpdemas,

I thought that the internal wavecount may be indicating that we are not done going up. But I wouldn't be surprised if we have completed a (v)-wave count and are now retracing into the MAJOR cycle 4th. check the update I just put up.
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@pato, Thats what i had charted. Completion of (v). Retracement into the 2050 to 2150 range. Still missing impulse wave 5 in the retracement.
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pato jpdemas
@jpdemas, Yea I'm really interested to see where this goes. Ive added internal updates to share what I'm thinking. check them out.
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