Ok, then the bigger overview for Bitcoin -0.05% , from the start of it.
First, some information:
Yellow lines: smallest elliott waves
Cream lines: bigger elliott waves then the white waves (white ones are in between the yellow ones)
Purple lines: bigger elliott waves then the yellow waves (yellow ones are in between the purple ones)
How do I begin this? Well, I'll just start writing I guess. First of all, the first wave was started at the beginning and finished around the end of 2014 --> little 4-5 years after Bitcoin -0.05% was created.
After that we've seen a bearmarket for about 2 years, before we've firing up the new waves. The bearmarket was wave 2 in the purple waves.
At the beginning of 2017 we've finished wave 1 on the second yellow Elliott waves and started correcting. Same for 2018, were we've finished wave 3 and started correcting to the bottom around $6.000. Now we're accumulating and going forward for the final wave 5 within the 3rd wave of the 5 purple waves.
This gives some resemblance to the people stating that everything goes down in January, well, that's the moment the wave is finished, so yes, then it retraces. This time we've seen a seemingly larger retracement in $ value. This correction can be reviewed as the same end of wave 3 in the first purple wave --> around mid 2013. There we've seen another drop of around 65%.
So, let me explain the white arrows then. The first white arrow around the yellow 3 is the same as the first white arrow in at the second yellow 3. They are the same.
The second white arrow --> the white arrow at the purple 1 or yellow 5 (how you want to see it) can be checked as the same one which we will be making around the end of this year.
Why the blue arrows?
First blue arrow is the 4 in the white elliott waves --> accumulation (very fast).
Second blue arrow is the 4 in the yello elliott waves --> accumulation (very quick and VERY large).
How do we go from here? Check my other short term chart. I'm expecting to hit $14.000, then some pullback to $8.000 or so and accumulation for a few months before we'll go on.
Yes, I do think this year will be insane and yes, I do think that lightning and other acceptance in the world will contribute to a very large bubble at the end of the year.
Then some targets:
Target end of the year: $75.000-100.000
Target market capitalization end of the year: 2.5-3 trillion
Let's see how this unfolds the coming year.
First, some information:
Yellow lines: smallest elliott waves
Cream lines: bigger elliott waves then the white waves (white ones are in between the yellow ones)
Purple lines: bigger elliott waves then the yellow waves (yellow ones are in between the purple ones)
How do I begin this? Well, I'll just start writing I guess. First of all, the first wave was started at the beginning and finished around the end of 2014 --> little 4-5 years after Bitcoin -0.05% was created.
After that we've seen a bearmarket for about 2 years, before we've firing up the new waves. The bearmarket was wave 2 in the purple waves.
At the beginning of 2017 we've finished wave 1 on the second yellow Elliott waves and started correcting. Same for 2018, were we've finished wave 3 and started correcting to the bottom around $6.000. Now we're accumulating and going forward for the final wave 5 within the 3rd wave of the 5 purple waves.
This gives some resemblance to the people stating that everything goes down in January, well, that's the moment the wave is finished, so yes, then it retraces. This time we've seen a seemingly larger retracement in $ value. This correction can be reviewed as the same end of wave 3 in the first purple wave --> around mid 2013. There we've seen another drop of around 65%.
So, let me explain the white arrows then. The first white arrow around the yellow 3 is the same as the first white arrow in at the second yellow 3. They are the same.
The second white arrow --> the white arrow at the purple 1 or yellow 5 (how you want to see it) can be checked as the same one which we will be making around the end of this year.
Why the blue arrows?
First blue arrow is the 4 in the white elliott waves --> accumulation (very fast).
Second blue arrow is the 4 in the yello elliott waves --> accumulation (very quick and VERY large).
How do we go from here? Check my other short term chart. I'm expecting to hit $14.000, then some pullback to $8.000 or so and accumulation for a few months before we'll go on.
Yes, I do think this year will be insane and yes, I do think that lightning and other acceptance in the world will contribute to a very large bubble at the end of the year.
Then some targets:
Target end of the year: $75.000-100.000
Target market capitalization end of the year: 2.5-3 trillion
Let's see how this unfolds the coming year.