Komen:
Komen:
Komen:
Komen:
Komen:
Wave A seems done and wave B has just started.
Komen:
Wait for wave 5 then long at wedge breakout to catch wave C up.
Komen:
I think it's ready
Komen:
Komen:
Broke out of the first trend.
Komen:
The second part of the bear cycle has just started as it broke the triangle
Komen:
In the last update, I showed the breakout of the triangle and BTC is still going for lower levels since then. As per Elliot waves, that triangle is wave B (abcde) pattern where wave e was short and didn't test the upper band of the triangle. This indicates that the bear cycle is quite strong. BTC is now in Wave C.
Komen:
Possible retrace
Komen:
I think the pullback is done. It might resume the down move next week.
Komen:
It did the retest and reversed as expected. I think 6800 is an area to test next.
@cd_kagaya, look at the past angles of the failure, the next will be a simple flag
Balas
Wow dude you have been spot on! Nice one. I'm using this clone at the moment. Really
Impressive that you spotted the crash so early :D
Impressive that you spotted the crash so early :D
Balas
@JamesRkaye, Thanks mate. It's simply Bump and Run Top Reversal pattern ;)
Balas