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

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English isn't my mothertongue, I might write wrong words or pharases.
Please excuse.

1. Long Term
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I still expect like this.



2. Mid-term
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We are in Wave 4 area.



3. Short Term
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I checked 4 mono waves, can expect some possibilities of wave process.

①. ABC shape
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②. ABCDE shape
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There are some other possibilities,
but those Target Prices are alike.
Volume decreases generally,
but it bursts when price falls.
It means price falling is still on going.



4. Expectation
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Probably 8613 ~ 8550 is buy-able range.
First, it's target price of ABC wave.
Second, PRZ of Gartley pattern.
Third, moving average line which can be support line.
And 8600 ~ 8550 is a traditional Support and Resistance Line.
BUT!!!
I don't reccomend to take a position at here.
Because Corrective wave can be changed in all way, so the most safe way is wating till wave ends.
Nota
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I guess ABC shape will process..
Then Wave B end point could be..
1. 9170 : small wave C end point
2. 9240 : retracement 1.272 ratio of big wave B, Gartley pattern
3. 9320 : AB=CD pattern of big wave B
Wave Analysis

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