Wesley_M

BTC UP UP UP!!! Elliot Wave analysis

Long
Wesley_M Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Today we broke major resistance at the 18K level. 'BTC is still going strong! We're heading for the 19.800 ATH soon!

Elliot Wave count:
Primary: 5th
Intermediate: 3rd
Minor: 5th (target 22.000)
Minute: 3rd (target 19.800)
Trade active:
Target $19.800 almost reached. Took some profits of the table.

On the 30 min timeframe we see a formation that could end up forming a double top pattern. If so we might head for the 4th wave correction (minute degree).

Elliot Wave count:
Primary: 5th
Intermediate: 3rd
Minor: 5th (target $22.000)

Minute: 3rd (target $19.800)
Minute: 4th (target $18.100)

Be prepared and trade smart!
Trade active:
BTC bounced off of the $18K level really nice. As expected!
Let's see how much time this crazy bull market needs to get to our target of $22K.

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