Wave A seems to be done, and we are already seeing wave a of B nearing completion. This wave B will take some time and it will likely be a boring weekend unless wave c of B is finished faster than expected.
Here is the updated count:
Wave B could move higher than shown in the picture, but it doesn't change anything about this count.
Even if it turns out to be the start of a final impulse wave down to my bear target, it will still look close to this until wave B is finished.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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Hopefully we have a little reverse brand and shoulder pattern forming with a bullish motion to follow. Let’s see if March gets things going.
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Good analysis
I share analysis and counting in the graph
I see the bearish wave 1 could rebound at point B of the graph that is a bearish trend line, a bearish wave 2 that could reach 9000 dollars, if accompanied by the volume
to then raise and form the right shoulder of the head shoulder inverted figure.
Around 9,000 dollars there is a good previous support or it could bounce before.
With a subsequent rise confirm figure.
Target $ 18,000.
I await your comment, thanks
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Thanks dear discuss about the cyptocurranecy .I always see your post and follow you..
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Yes this post is very valuable to me but I have to learn it please guidance and support from you?
@ew-and-patterns
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@ew-and-patterns is right on this...
Nice, and that's an objective projection. You have my upvote.
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I hope that you are wrong, but we will see ;) Thanks for your analysis...
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When you try to complete the Bitcoin Price B wave, we can see that altcoin would overcome their resistance level.
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lets see what happen in the next days.
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