Bitcoin Elliott Wave Analysis H4 & Daily

General Overview for 14/12/2013:
The speculatiove bublle on its best.
You have not seen the top in bitcoin yet.
Projected support level is based on One-to-One geometry levels with some fractal showing up on H4 charts.
Any price below 700 means the market is still in corrective cycle of wave 4 pink with possible Triangle shape.

1090 – All Time High
  968 – Techncial Resistance
  900 – Techncial Resistance
  822 – Techncial Support
  736 – Target Level
  700 – Invalidation Line

Trading Recommendation:
Buy  @ 736 with SL @ 698 and TP1 @ 968 and TP2 @ 1090.

As You might have noticed I’m taking a part in „Analyst of the year” contest organised by InstaForex  broker portal.
If You like my analysis or You trade it, or You have learnt something new this is my plea to ALL OF YOU: Please vote for me EVERYDAY!
It is free, simple and easy to vote for me EVERYDAY!
This is what You have to do in four easy steps:
1. Register on MT5.COM forum here (use gmail, hotmail or yahoo) :
2. Wait for confirmation email and activation link
4. Click on RAISE UP

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.