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.
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.
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
cosmopan Macbeth182
@Macbeth182, no need to update. Let's come back here in April. It's long chart.
Macbeth182 cosmopan
@cosmopan, i hope u r right. see ya in April ;)
+4 Reply
so how?
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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