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in the crypto crypt
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1h later the MACD histogram turned green on the daily chart. $BTCUSD price was at ~$11500 on Bitfinex when I made the forecast. Now at ~$11800.
MACD on daily needs to close green and also stay green for several days to confirm the strong bullish outlook.
teapawt.org/CryptoCryptics/status/…
If the MACD either does not turn "green" in about the next week, or if the MACD histogram rolls over back to red after being only green for about 1-2 days - then the @ewforecast is your next best guide.
teapawt.org/GregaHorvatFX/status/9…
Updated analysis from @ewforecast for the #Bitcoin price.
The wave V target for $BTCUSD remains intact.
Let's see if this plays out while I'm taking my break.
Anyways, if these EW forecasts for BTC pan out or not. I'm going to be back around Q2 or Q3 2018.
See you.
And @Matrix_Trade labeled the current move lower as wave 4, like the other two EW chartists. They also see a wave 5 of wave V taking $BTC higher after the drop.
Here a screenshot of the @ewforecast for $BTCUSD. They also see a final leg higher after this drop.
Due to the recent #Bitcoin price volatility here a pre-Xmas gift:
Take a look at these three different #ElliottWave chart providers. All see a final wave 5 coming. They label this week's decline as wave 4
elliottwave-forecast.com/btc…
ew-forecast.com/crypto_curre…
matrixtrade.com/btcusd/
