BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is my view of things. Anyone who disagrees is welcome to share his idea in the comments. Remember this idea and follow it at least 1-2 months before you speak it badly.

> We are currently at the 4th wave
> The 4th wave is still in a correction
> As soon as the correction ends, the 5th wave follows
> My target for the 5th wave is around $ 4000
> Estimated time to reach the target is about 1 month
> After the 5th wave the A of the ABC correction is complete
> After the A, the B follows the ABC correction
> The B also consists of an ABC correction
> Before we are back in an uptrend, the C of the ABC correction follows
> After that I will be bullish again in the long term and we will see new all time highs
Comment: Get ready for one more 10-15% drop
Hello, have similar idea but the count is different. I saw problems with this count as wave iv overlap wave i. Despite this I understand your idea cause I expect also new lows. I think is better count, since the december highs, as a double zig zag. If you see better wave iii is more corrective than impulsive. When this last wave finished I will see if can be an wedge which may fill with your wave A.

At last, For me this last move to the downside could be the bottom.
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E55 FilipeMiguel
@FilipeMiguel, normally I don't look for 5 wave structures, but this is the only opportunity which can occur in my opinion. By the way it is okay for wave 4 to overlap wave 1 by a wick. But like I said I do not think much of this kind of counting anymore.
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Wouldn't it be dangerous to dump btc's price so close to mining cost? Why would whales do that? That would threaten the entire system.
+1 Reply
update pls
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cosmopan Macbeth182
@Macbeth182, no need to update. Let's come back here in April. It's long chart.
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Macbeth182 cosmopan
@cosmopan, i hope u r right. see ya in April ;)
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REKT
+4 Reply
so how?
Reply
Update :D
+3 Reply
So assuming that it will dip to 4000-6000 in the next days/weeks, could it be possible that after another small bullrun, we will get an even deeper low of around 2000-3000 maybe in 1-2 months? Will be interesting to watch
Thanks for sharing
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