bitcoin 6200
trying to learn from the past, let see if this work! 6200 top.
pd: there is one thing that worries me, this could be the end of elliot wave 5 and we could go into an accumulation period again, not like 2013 but could last half a year maybe? we are about to see. other thing i noticed is that in crypto markets elliot wave nº5 is larger than other ones (wave 3 tend to be the larger one but the rule only ask for it to not be the shortest and it markets like crypto we have cases that we have wave 5 being the largest wave) in that case we have to break 6200 and go crazy parabolic until 7k at least.
i have another chart with bubble levels based on btc historical charts, check my profile for more charts!
advice: this predictions not always work, thats why i always trade what i see, i never marry with a chart or with a sentiment.
pd: there is one thing that worries me, this could be the end of elliot wave 5 and we could go into an accumulation period again, not like 2013 but could last half a year maybe? we are about to see. other thing i noticed is that in crypto markets elliot wave nº5 is larger than other ones (wave 3 tend to be the larger one but the rule only ask for it to not be the shortest and it markets like crypto we have cases that we have wave 5 being the largest wave) in that case we have to break 6200 and go crazy parabolic until 7k at least.
i have another chart with bubble levels based on btc historical charts, check my profile for more charts!
advice: this predictions not always work, thats why i always trade what i see, i never marry with a chart or with a sentiment.
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click on the charts above to view full idea i've been working since the rally started.Note
2hr buy signals3.amazonaws.com/tradingview/snapshots/r/RWjeWRs4.png
daily buy signal
s3.amazonaws.com/tradingview/snapshots/3/3WiotSk8.png
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waiting for support around 5600s3.amazonaws.com/tradingview/snapshots/x/XNaeFpyd.png
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almost there
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.