GTWCA-19.1

Dearest friends!

I am Gandalf The White & here is a quick update concerning xbt and ada.

• BTC
  Maybe we have reached that point. Now the first correction wave could have begun (since yesterday) - of course, generally, I am talking about the third wave of the whole impulsive wave movement which should have started on the 1st of April; but this third wave of the impulsive wave contains another impulsive wave and so on (I have already explained that in another post but every impulsive wave contains an impulsive wave, and every correction wave contains a correction wave...); and this first correction wave is just one part (to be exact, it is the second wave [after the second wave comes the third wave, then the fourth and at last the fifth wave]) of the third wave.
  Whatever, it would and respectively should be a short correction wave (about one or two weeks long, it is not easy to predict that, because it is crypto). Xbt could fall back till around 8k$. Many other coins will follow.
  Well, this all should not be a bull trap. Btc is worth about 9k$ (at the resistance zone). It is right at the cloud, it is in the cloud too, just on the edge. Beyond the .618 fib lvl. Really looks like the third wave, but we will see anyway.
  I know, I did not think that btc will go into the cloud but it did, just the tip haha - so it is not really in the cloud but it definitely "touches" it.

Here is a picture of the Tradingview chart - XBT/USD, daily, Kraken:

Explanation:

This is the Kraken bitcoin chart. One candle equals one day. The (light) red/pink area is the Ichimoku Cloud. As you can see, we are right at the edge of it. The green line at the bottom is a support trend line. On the right you can read the current price etc. - 8859$.

• Green 1-5 Elliott Wave: Its first impulsive wave initiated on 04.01.2018 and might have ended two days ago. This green 1-5 impulsive Elliott Wave movement builds/forms another 1-5 impulsive Elliot Wave movement's first wave, here it is our 'turquoise Elliott Wave''s first impulsive wave (see below).
• Turquoise 1-5 Elliott Wave: Well, as you see, this turquoise Elliott Wave initiated on the first of April and probably ended two days ago as well, of course. So since one/two days the second wave (or also, first correction wave) might have started. Until it reaches the "2" (probably not exactly this point but in this area, kind of). After that the third wave will take off.

The other lines (I did not explain) are part of the Ichimoku Cloud.
However, you can draw Elliott Waves in different ways but this way is correct (too). They are not always perfect but I will not explain that to you why, right now - I am too busy but I hope you could learn a bit anyway.
Furthermore, this "impulsive turquoise 1-5 Elliott Wave movement" forms an even bigger impulsive wave (the third wave which I was talking about at the beginning of this article.
I hope I did not miss anything.

• ADA
  Ada is quite similar. Price: ~0,27$. At the cloud.

You could go short now but be careful and do not forget your stop loss. It is dangerous. Long is better. You can still buy but I would wait because the correction wave might has started one/two days ago. Trade smart and be smart my friends! (;

Yours truly,
Gandalf The White

PS: Sorry for my bad Lao.

& I am not a financial advisor - everything here is for educational/informational purpose; only my own opinion. Always do your own research!

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