Urbanmove

Well, that was unfortunate. BTC too the very beating that was forecasted. Demonstrating the power of the combined methods that I use. Murrey Math, Elliot Wave, and K wave ( Kumar Wave ) We have a small chance, in the low single digits to recover from this. But the Lions share of probability remains with the Re test down toward $84k. I will update more later. That chart is in my profile. Good luck.

Last night the momentum was so strong , and resistance levels where being taken out one after another. Today when we should have been making new highs, instead we hit a wall. Not good. That wall in yellow is the 7/8ths reflection line. The bounce backward from here could pick up massive steam downward. The 1st stop loss has already been hit, #2 and #3 look to be tested today, and from the way things look now, they look to yield. I am stopped out, and will not reenter long until a new high is made. Good Luck!

I was wrong about sideways action, then rally. BTC moved immeditely higher and looks to be picking up steam. I see a new high to $125 area, and then perhaps consolidation. But eventually to $132- $137 is in the next 2-3 months. Things are really looking bullish now. I was expecting it to take more time to develop, but that is not happening.

The long awaited ALT rally is coming. Just a few more days it looks like. Then perhaps 25% - 40% increases in alts across the board.

BTC had an impressive rally today that broke key resistance and changed the wave form to the short term trend back to up. From this elevated price level, the uptrend will not produce any significant gains from here tho. To capture this mini trend requires to be patient and buy on dips. Back to near $103,500 - $102,000 as seen in the chart could produce a few swings. However, when these swings are over, I currently still have the medium term trend as down. With $84k target. That could get update, but for now we do not have that data. I see all up movement capped at around $107,000. Prices above $107,000 have me moving back to the immediate $132,000 price target. But again, we are not there yet. Good luck.

Updating the BTC coverage. Was hoping to push thru directly to $132k, that did not happen. It looks more likely BTC will drop back to $84,500 before a resumption of trend can continue. There is a chance she can hold at $95,600 but currently not the best odds for that. A full dip looks to be coming. Take profits on BTC now.

BTC HAS BROKEN 2 TREND CHANNELS, RED , YELLOW. AND BADLY DAMAGED THE PRIMARY, BLUE. Its taking out support after support on 1st touch. If BTC penetrates again thru blue, BTC will begin a larger correction. BTC must stop falling at $105,600 - $105,000. The downside target is not yet defined.

Adding more detail to the current forecast. I originally had this a short opportunity at or near $104,500 or so. But I have modified that to safer played as a sell - $105,000 - $106,400 and then stand to the side, and buy back lower , near $96,400 - $95,900 for what then becomes an ATH. This could be risky for home gamers, so handle your own dreams accordingly. In the end, this resolves higher, not lower and below $83,000 as I had originally thought. Murrey Math, Elliot Wave, and Gonzalez wave systems being employed. Comments and Dms always welcome. Good luck!

Well, in a somewhat interesting turn of events, I can see my Stop loss at $105,300 is going to get hit, and BTC will push higher. Its pre-emptive, as we have yet to touch $105,300. But the micro wave structure looks clear to me. So in a somewhat sensational way , the new target is an all time high plus about $22,000 more. Happy Trading. Lets hope this does not turn into a bad case of the whiplash.

BTC has arrived as forecasted into its next resistance zone. That should be abundantly clear from 150 colored lines I have on my super straight forward chart. ( sike ) I could go into great detail as to why I lean toward this is another local high, but why? I never do that. Just check out the results. We'll see how it goes. Comments and DM's always welcome Happy Trading. GO Murry, GO Gann, GO Elliot GO Kumar.As tlati mentioned the $102k , I will add on to $104,500 as the flash spike.This is going to get stopped. Might as well do it now. See new chart for new BTC target.current price - $103,557 - Kraken