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SukRyu-Chart
May 4, 2020 6:22 PM

Bitcoin analysis (BTC / USD : Bitmex) with Elliott Wave 做多

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

描述

1. Long Term

Still Same, Not changed.



2. Mid-term

One thing changed.
I wrote that the big wave 3 already ends at $ 9,480 which 61.8% of big wave 1.
But I measure it again today, wave 3 length is less than 61.8% of wave 1.
I made a big mistake, so.. I apologize about that.
Then Wave 3 is still going on, the end price would be $ 10,150.



3. Short term

This is how I counted waves of wave 3.
We are in wave 4, corrective wave, it might be ended or be in process.
There are some possibilities about shape of wave 4.
1. Running flat
2. Triangle
3. ABC zigzag
I think zigzag won't be happened.


I bet on first picture more.



4. Expectation

Shape of wave 4 will be whether Running flat or Triangle,
price (candle) will be down when reaches to the top trend line.
So we can buy by fibonacci level, set the stop loss at $ 8,527 (Latest low price)

PS : I really apologize the wrong wave measurement.
And if there is weird phrases or word, please tell me. That would be so helpful for me.

评论



The first wave of Wave 5 has ended at $ 9,120.
I expected that the first wave ended at $ 8,970, but I was wrong again.
If the price not falls down to under $ 8,527,
then we can assume that $ 8,527 to $ 9,120 is a first wave.

I check 2 ways of Wave 2 process.
I think second way is more possible.

If price falls down under $ 8,527,
we should assume that shape of Wave 4 is Zigzag,
wait until the price falls down to near $ 8,200.

Strategies
1. Short position at $ 9,016 / Stop Loss at $ 9,120
2. Long position at $ 8,650 / Stop Loss at $ 8,527
The stop loss ratio is over 1.5%,
so I reccomend that don't use high leverages.
评论
kalyanramy
Interesting charts
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