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EuroMotif
23 feb 2019 07:58

BTCUSD still has wave 5 to go? Bitcoin Fibonacci + Elliot Waves  

COINBASE:BTCUSD60
Bitcoin / United States DollarCoinbase

Beskrivning

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BTC has been following this fib series quite nicely.
The movements resemble a 12345 impulse structure.
Perhaps we are in wave 4 looking to start wave 5.

Fib extensions fit nicely:
wave 1 = 5.236
wave 2 = 2.618
wave 3 = 9.236

wave 4 to 5 = 6.618 -> 9.618 ?
wave 4 to 5 = 7.618 -> 10.618 ?
wave 4 to 5 = 8.618 -> 11.618 ?



Kommentera

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Nice move. Now we are coming up on moment of truth

Kommentera

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Interesting turn of events, hit target exactly, then a bull trap, and hard fall
but look where it fell to. We MIGHT actually be in wave 4 NOW, with w5 yet to come. Not confident of that but this precise drop makes one think....

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Support and ResistanceFibonacciElliott Wave
Kommentarer
ThankUKind
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You played that one absolutely perfect
EuroMotif
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@ThankUKind, ty, that one did play out quite nicely. There is always some luck involved but this time the fibs were just super clear
ThankUKind
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Well she went for the top mark plus a bit of extension, nice call on another wave!
EuroMotif
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@ThankUKind, ty, nice bull run, might be done yet but I am mostly out.
ThankUKind
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@EuroMotif, I am about 70% out, tight SL being bumped up. Now to remain disciplined and wait for a good reentry!
milanjelic
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Nice one @EuroMotif.
EuroMotif
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@milanjelic, ty friend
ThankUKind
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This is the exact same scenario I have been contemplating for the last couple days. Are we going to get one more wave up still, or is it time to sit on the sideline again.....As always, very nice work and lovely chart!
EuroMotif
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@ThankUKind, ty my friend.
Indeed, another leg up to make a higher high would be a signal for more bulls to jump in.
Mer