BTC Cycle 1 still in progress target (8800$-9100$)

27 июл. 2018 г.BTC Cycle 1 out of 5cycle.

Cycle 1 for Impulsive uptrend

Pattern Forming: Bull Flag

Target Ranges bewteen 8800$-9100$.

The cycle 1 theory of my BTC analysis stand for EW count for an Uptrend Impulsive waves.

In reference to my previous post where we made mention of our starting point of the wave count to be the yearly low so far at 5724$.

Principal Wave 1 is almost over, presently trading on sub wave (4-5) of wave 1.

Level to watch for possible reversal are:

7865
7775
7650
7585

Note:
If all the above level break then it implies we are on larger correction and Cycle 1 is completed and Corrective wave 2 in progress.

Cycle 1 for Impulsive uptrend
Cycle 2 for Corrective wave
Cycle 3 for Impulsive uptrend
Cycle 4 for Corrective wave
Cycle 5 for Impulsive uptrend

27 июл. 2018 г.

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27 июл. 2018 г.

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Our first support level bounced BTC off, 7865

28 июл. 2018 г.

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We update recent level to watch here for both support and resistance. Bullrun all the way.

28 июл. 2018 г.

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Price already breakout of the bull flag, its well painted and waiting for action.

28 июл. 2018 г.

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Flag and pole with target

29 июл. 2018 г.

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Bull flag broke out.

29 июл. 2018 г.

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Flag breakout and possible re-test of the flag channel before final flyout.

29 июл. 2018 г.

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BTC flag is so clean to be ignore. Let see if it will play out.

30 июл. 2018 г.

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Guy let keep an eyes on this range of price 8049$ - 8292$ if price break this range it will move seriously. Either way but I favor upbreak

31 июл. 2018 г.

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Same level did the magic again yesterday 7865, It send BTC back into the range again.

31 июл. 2018 г.

Комментарий

We have wider range of descending triangle pattern

31 июл. 2018 г.

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I started this thread yesterday for the purpose of the floating wave 4.

2 авг. 2018 г.

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New post created on BTC to follow up the previous analysis, guys do please have a look and leave your comments.

4 авг. 2018 г.

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Updated post opened to follow the current market effect.

9 авг. 2018 г.

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Hi guys

Please follow this post for more updates on BTC.