1h later the MACD histogram turned green on the daily chart. $BTCUSD price was at ~$11500 on Bitfinex when I made the forecast. Now at ~$11800.
MACD on daily needs to close green and also stay green for several days to confirm the strong bullish outlook.
xitter.cf/CryptoCryptics/status/…
If the MACD either does not turn "green" in about the next week, or if the MACD histogram rolls over back to red after being only green for about 1-2 days - then the @ewforecast is your next best guide.
xitter.cf/GregaHorvatFX/status/9…
NEW FREE CRYPTO REPORT IS OUT, Issue 6. >>>ew-forecast.com/newsletter/c…
Updated analysis from @ewforecast for the #Bitcoin price.
The wave V target for $BTCUSD remains intact.
Let's see if this plays out while I'm taking my break.
I'm spending my time this year on researching the markets. Imagine you could have invested into e.g. Google at a far earlier stage. Excellent opportunities are out there. You just have to find them (before all the others do).
xitter.cf/APompliano/status/9537…
The correct answer was to take profit ✅
I'll continue taking a break as I had mentioned before.
xitter.cf/CryptoCryptics/status/…
Crypto Class 101
Complete the following sentence:
"When it's on CNBC it's time to ..."
xitter.cf/CNBCFastMoney/status/9…
Crypto Class 101
Complete the following sentence:
"When it's on CNBC it's time to ..."
xitter.cf/CNBCFastMoney/status/9…
Anyways, if these EW forecasts for BTC pan out or not. I'm going to be back around Q2 or Q3 2018.
See you.
On these Elliott Wave charts I shared with you there are the following wave 5 targets for the #Bitcoin price after wave 4 (the current leg lower) has completed:
@ElliottForecast minimum $21k
@Matrix_Trade minimum $22k
@ewforecast minimum $24k
As of their last update December 22
And @Matrix_Trade labeled the current move lower as wave 4, like the other two EW chartists. They also see a wave 5 of wave V taking $BTC higher after the drop.
Here a screenshot of the @ewforecast for $BTCUSD. They also see a final leg higher after this drop.
Due to the recent #Bitcoin price volatility here a pre-Xmas gift:
Take a look at these three different #ElliottWave chart providers. All see a final wave 5 coming. They label this week's decline as wave 4
elliottwave-forecast.com/btc…
ew-forecast.com/crypto_curre…
matrixtrade.com/btcusd/
Looks pretty neutral in hindsight to me.
This was the time & price location of giving away my neutral BTC bias. Right before a new strong move higher began a few hours later.
xitter.cf/CryptoCryptics/status/…
I didn't wanted to jinx #Bitcoin breaking $12k by calling a new all-time high and then seeing BTC fail to breakout right before CME/CBOE futures launch & cause chaos. Guess it worked out.
Based upon one charting method my forecast would have been $12,500
xitter.cf/CryptoCryptics/status/…













