BTC .. Elliot & Patterns .. Down to 4k ?!!! .. But How ??!!!!!

٢٩ مايو ٢٠١٨

Hi Traders ,

We will take a look on BTC & Make Technical Analyses on it to see if it will go down as some published or it will make a big move & go up - That's my opinion -
Lets begin

After the big move of BTC - composed of 5 motive waves - .. we began to count the correction waves
where i see 2 scenario

1- The correction ended with 3 waves A -red- & B -red-
then wave C -red- composed of a b c waves -pink - as a zigzag
Then we begin to count the new cycle That completed wave 1 &2 -red-
& begin wave 3 that completed wave 1 - pink- & wave 2 pink is almost at the end
& we will be in wave 3 of 3 soon

2- The correction not ended yet or almost at its end as
correction have 3 wave A & B as the previous one
But C wave not composed of a b c correction as a zigzag
but as a triangle that composed of a b c d e -green-
& wave e -green- is almost at the end


In any scenario ... i see BTC will go up in the next weeks or days .

N.B ...
1- There is a Bullish Bat
2- There is a Head & Shoulders
3- There will be good news in the next weeks
4- MACD has a Bullish Signal in 4 Hour chart

That's what i see on Bitcoin Chart

If there is anything not obvious ... Feel free to contact me .

Good Luck with your trades .