FX Bitcoin / Yen
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3/25/2018 BTC(FXBTCJPY) Analysis

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My peer traders have informed me that the price action is currently following the chart on FXBTCJPY. (Which explains oddly-off S&R Levels)

(1) This is an assumption that we are currently in a ABC correction to previous downward motivewave.

(2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading) diagonal typically found in Eliott Wave 5

(3) This is not about where you should be bull or not. Based on how the scenario goes, you can trade in accordance with trend.

(4) However, I believe that Grand Cycle wave C is imminent and the price is likely to push down further.




If you have any questions regarding my analysis, please leave the comment on this post.
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لقطة

Live Update 1126AM EST 03272018 - Bitcoin forming ending diagonal - End of Y Double Three Correction. We will see from here then.
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Trade on the way
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TP #1 7700

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