Go for glory - a rookielicous analysis.

28 Mar 2018

So Ladies and Gentleman, traders, hodler and all the random guys reading this here. Welcome to my first uploaded chart here and the very beginning of a new part of my life.
First of all the most important thing: Your Feedback. I want it. I need it. So please give it to me. You and all of you're comments are welcome.

But now jump right into this rookielicous analysis on the next big steps of BTCUSD.

I'm using the simpliest rules of EW-Theory and some the pure magic of natures wonderfull Fibonacci principles.
According to the EW. We have just completed Correction-wave C with a slightly lower low as wave A (is this even legit? IDK.. tell me!) of the our new Impulse Wavecycle started around February 5th.
So now we are starting Wave 3 which could go straight to up to 13k while struggling on their way up with this big historical Resistance Zone.
The outbreak here, now or in a few hours or days would perfectly match an outbreak from the wedge we see here between the big red Downtrendline and the overall big green uptrendline which is heavily discussed on several groups and sites.
Targets and timeframes are all calculated based on Fibonacci and are just the ideal of what could happen. So let's see if the bulls can finally get back the market and lead BTC back to glory and back to the value this magnificant technology deserves.
If you want to trade this I personally would wait for the confirmed outbreak with tight SL to prevent much damage if we get a EW-Failure here.

And of course the obligatory disclaimer: This is like everything else just my personal opionion and no advice to do anything on the market.

I wish you all a good rest of the week and happy trading. If you see any bulls on the street just push them gently into this market!