Dayli BTC/USD Correction waves by Elliot and Fibonacci.
24 September from 3,700$ have good Bullish start for Bitcoin. Until now created almost PERFECT Elliot Wave 1-2-3-4-5.
But What next? where we will go, UP or DOWN? By MR. Elliot we know after good UP should have good Down Corrections.
I build A-B-C correction by Fibonacci proportions including that levels where had good R. or S. line prices in pass history.
*1) A (yellow) = 50-100% from wave 4-5. So 'A' will come around 4160$(+-). WHY?
15-08-2017 - 1st big corrections
19-08-2017 - price turn there again
29-09-2017- start of line 4-5
SO can say that price around 4160 stuck in traders memory.
*2) B (red) - is 38-50% from wave A. this is small range of price and turn to history char can see good one around 4260$
*3) C (blue) - 50-61-161% from A. Here is more big range of numbers. in this range laying :
18-08-2017
21-08-2017
18-09-2017 ,- here news+traders feeling= strong level 4100.
How long its will take? can be few ours, few candles, can be step by step. Market, investors, mining farms- everybody want make good % profit,. Bitcoin will go UP.,,but before some big players would like close old "buy" position, and buy again on lowers price. Price always cant go UP,.
But What next? where we will go, UP or DOWN? By MR. Elliot we know after good UP should have good Down Corrections.
I build A-B-C correction by Fibonacci proportions including that levels where had good R. or S. line prices in pass history.
*1) A (yellow) = 50-100% from wave 4-5. So 'A' will come around 4160$(+-). WHY?
15-08-2017 - 1st big corrections
19-08-2017 - price turn there again
29-09-2017- start of line 4-5
SO can say that price around 4160 stuck in traders memory.
*2) B (red) - is 38-50% from wave A. this is small range of price and turn to history char can see good one around 4260$
*3) C (blue) - 50-61-161% from A. Here is more big range of numbers. in this range laying :
18-08-2017
21-08-2017
18-09-2017 ,- here news+traders feeling= strong level 4100.
How long its will take? can be few ours, few candles, can be step by step. Market, investors, mining farms- everybody want make good % profit,. Bitcoin will go UP.,,but before some big players would like close old "buy" position, and buy again on lowers price. Price always cant go UP,.
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