BTC - watch breakout for a long to 7100

30 Eyl 2018

BTC is still making corrective pattern however like I discussed in my previous post this whole pattern could be WXYXZ. Z wave still has more leg up left if thats the case.
Watch a for bull break from this consolidation for a long to 7100.
I'm still expecting a new low to be formed after this WXYXZ completes.

30 Eyl 2018

Not

Taking off

1 Eki 2018

Not

More consolidation, expect a break to upside.

2 Eki 2018

Not

a lot of indecisive at the moment,
corrective structure can get very complex like this. If its starts breaking down, I would expect something like this

2 Eki 2018

Not

this just one of the ways it can go. The possibility and breakout up and continuation to 7100 is still possible. Watch for either a bull break or bear break. Because we can go both ways from here. I don't see big dump coming right now, we are still in consolidation and it can very complex.

3 Eki 2018

Not

I think this will be the reversal impulse to 7k
watch for breakout -

4 Eki 2018

Not

Got a nice impulsive move to 6600. Expecting a bigger consolidation and then more upside to around 7100.

5 Eki 2018

Not

This was the kind of correction i was looking for.


Breakout from this corrective structure will take us to 7100.

6 Eki 2018

Not

We got another push but not looking good atm.
From here we can do a bigger correction and then make another leg upto 7100.



Or we can break down and start consolidating below the trendline and start moving down.



At this point both scenarios are possible so watching not entering any new positions.

6 Eki 2018

Not

scenario 2 -