Bitcoin
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Bitcoin analysis (BTC / USD : Bitstamp) with Elliott Wave

243
1. Long Term
syot kilat
In a long period view, Wave 1 and 2 has ended at $13,880 and $3,850.
Wave 3 is in process now.
There are many views that bitcoin will goes down to 2K,
but I think it won't be happened.



2. Mid Term
syot kilat
After 9th, March, Wave 1 is in process.
Wave 3 was ended yesterday, and we are in Wave 4, corrective wave.
I expect the whole shape of Big Wave 1 will be a leading diagonal.



3. Short Term
syot kilat
This is how I counted the Wave 3-3, which ended yesterday.
Wave 5 was extended.
And Wave 4 is in process.



4. Expectation
syot kilat
We can forecast where bitcoin retracement stop at by Fibonacci retracement level.
The red horizontal lines are showing Fibonacci levels.
If bitcoin will fall down to 0.236 level : about $8,670
0.382 level : about $8,200
At this time, only proper thing that we can do is wait until the wave 4 ends.
Then, we can find a good buy position.
Should check these :
①. the shape of wave 4 : zigzag, flats, triangle etc..
②. Fibonacci level

※ Caution
If bitcoin falls down under 7,500 (purple line), this analysis won't be valid anymore.
Nota
syot kilat

Entry points
1. 8451
2. 8343
3. 7973 - I am wating
Stop Loss : about $80...?

Penafian

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