and then start a wave 5 that could take prices well above 10,000). The largest cryptocurrency first touched the support area near 6000 in February and has been testing it multiple times since. Iotusd, D1h Join us and get even more charts with every day intraday updates in the NEW crypto service for affordable price - m/register/ Monday, October :02GMT Oh that never-ending triangle on Ethereum can be looking even for another small triangle in wave (e). Ethbtc, 4h Join us and get even more charts with every day intraday updates in the NEW crypto service for affordable price, you can also try our 14-day trial - m/register/ Monday, December :07GMT Let's take a look on Binance daily chart! I actually think we are in the process of the bubble really taking off, very similar to what happened in the Nasdaq 100 at the end of 1999. Current price action looks like a wave b here that can be either a flat or a triangle, so watch out for a jump, maybe even a spike into wave.
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Happy new year 2019 BTC with Elliott wave pattern entry 3680-36 Target Target.
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If we get only three-waves of correction after that spike up, then we may consider a bullish setup. Btcusd was approaching the 20 000 mark at the time and financial gurus, hedge fund managers, celebrities and small individual investors alike were rushing to join the bulls. This time last year Bitcoin was thought to be going to the moon by a great majority of people. So, keep an eye on a five-wave decline and once it will be fully unfolded, then we can expect a bullish reversal! The previous major low of 5920, registered in early-February, has finally been breached. Just keep in mind that we still need to confirm that correction, so only if we get sharp and impulsive five-wave bounce followed by a break back above 4000 region, only then we can confirm our bullish view within wave C/3! So, if we respect correlations then even iota may continue to the downside soon. Please note that I would not really assign more than a 66 probability to this one as I have a hard time to see bitcoin correct this much at this point in time. Qtumbtc is showing us a potential inverted H S pattern, which could be the right one based on EW rules, but as always, each pattern needs to be confirmed! Outlook, wherever this current move ends, it is likely that it will be followed by a pronounced correction. Start your week with advanced Elliott Wave analyses. Btcdbtc, D Join us and get even more charts with every day intraday updates in the NEW crypto service for affordable price - m/register/ Monday, September :24GMT Bitcoin Cash is looking for a drop soon.