Quick BTC morning update 11.05.18
This morning the waves show a potential for blue wave 2 being in progress already! That's great, because it means blue wave 3 is soon to follow.
@haejin already hinted at blue wave 2 completing the right shoulder of this giant iSHS pattern. Go check it out on his page.
This is my primary count now:
If this is correct, the buying zone is in the range of 8,400 - 8,000$.
In only a few days, we could see the new uptrend showing us what it is capable of... The blue wave 3 target is a minimum of 14,000$... Stay tuned...
UPDATE: Here is a quick SBD update:
UPDATE 2: We landed in my buying zone. Wave C could be done already, but down to 8000 would fit better. Awaiting confirmation before next post.
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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.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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