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Updated

BTC-BREAKOUT IMMINENT-STRONG BUY

663
BTCUSD
$BINANCE:BCHABCUSDT$BINANCE:BCHSVUSDTBCHUSD

BTCUSD is on the verge of breaking out.

With the Hash War quitting down, I'm changing BTC from a HODL/Accumulate to a STRONG BUY.

I expect the move to begin in the next 6-12 hours.

Near-Term Target (24HR): $6,300

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Will update.

-AB





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Note all the DEMA MA converging...

9
21
33

100
200
300
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24 Hour timeline almost up....
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Only have 3 hours left...
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Rally should be beginning...
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Wave is a leading giagonal incase you were wondering how it can violate wave laws.
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Breakout is getting close...
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Broke out of Leading Diagonal...
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Breakout should be in the next hour or so...
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Had a complex correction...

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Still expecting a breakout...
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Updated Wave Count

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We had wave failure...

Most likely because of the hash war...

Idiots...
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If that yellow trend line fails then I will start to get nervous...
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Yellow trend line held...

BTC should be ok...
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BTC needs to breakout here...
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Needs to get to around 4200
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Still bullish on BTC...

Trend Line still stands...
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Whenever BCHABC stops manipulating hash will be when BTC recovers...
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Most likely their (ABC) emotions have gotten the best of them and their logical common sense thinking skills are lost.
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BTC held trend and the breakout is now occurring...
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Primary Wave Complete

Now, Primary correction...

Target - $3750
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$3750 target hit...

Now, to move higher...
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BTC still looks ok...
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BTC is working on breaking out...

Key level is $3,400

If $3,400 breaks then expect and extending 3rd Wave....
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Getting closer to $3,400...
FibMarketWatch
Also on:
Bitcoin (Cryptocurrency)BTCChart PatternsElliott WaveelliotwavesanalysisTechnical IndicatorsLONGtradeWave Analysis

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bitcoin (Cryptocurrency)BTCChart PatternsElliott WaveelliotwavesanalysisTechnical IndicatorsLONGtradeWave Analysis
FibMarketWatch
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.