฿ Bitcoin BTC/USD Daily Video, July 26, 2019

[Sive Morten]

Good morning,

Market has formed the bottom of H&S right arm. Now everything depends on it - downside breakout means H&S failure and drop below the head, while upside continuation leads to AB=CD target:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

I'm looking at a Daily Close below $9500 and then i have a 'Gap' on my chart at around $8400 which could be filled as first target.!? I will not trade Bitcoin market yet..as i have longer term view for possible drop even lower to $6000 area as you say later this year!? This could be area of 'wave 3' Elliot wave up to $50,000..!!!??
How do i know this..? My 'Lepricaun' friend in London told me so...! ha