abdullatrader
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Bitcoin Wave Analysis (Update)

BITSTAMP:BTCUSD   比特幣 / 美元
Hi traders,

Here is a scribble of my work on Bitcoin using Elliott Waves . Although I'm not a big fan of trading using this theory as its built using many assumptions which usually fails. However, it's sometimes fun to use it and see the market from different perspectives.

I don't want to be very optimistic, but based on the information and what the chart is telling me, $12,800-$13,000 should be an easy one!

My Previous idea on Bitcoin using Elliott Wave:



Regards,
Abdulla
good trade, but you could do more :) Thank you
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I personally think this is a flat style correction, and we are still in the process of completing Wave B
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Since it has probably double topped, i don't think the wave (iv) is complete.
I see is as another flat corrective with C wave to come.
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@RyanPal, I agree, we still don't know if Wave 4 is complete or we are expecting a C wave before the next bullish move.
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Best regards from Rome!
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@GioBru, :))!
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Great job Abdulla,
I agree with your target from another point of view, following the principle of the Wolfe wave, as I show in this video
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@GioBru, Thanks for sharing.
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GioBru abdullatrader
@AAlFadhala, You are welcome
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Ciao @GioBru,
personalmente non penso che il punto a sia troppo affidabile per disegnare un pattern, dopo tutto si è trattato di un flash crash intraday e sono serviti altri 20 giorni per tornare effettivamente su quel livello
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