The Ultimate Count *Bitcoin Wave Analysis*

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello all!

Using the market geometry with pitchforks and combining the wave principles from the Elliot handbook I was able to forecast a possible scenario for the situation in the bitcoin space.

The largest pitchfork is a Schiff style, ranging from the '13 top to '15 low to 20k peek and puts a median line that interacts with the 3rd of the largest 3rd and the market bottoms of '15, a swell as the most recent drop ( as it compresses on top of the median ).

The second (schiff) pitchfork runs from 20k to our W (5k) and first X. It plays a role in the compression at in the most recent drop .

The crossing of the pitchforks at the median line of the secondary pitchfork and the .618 of the primary pitchfork gives us a possible target and projections of the market. With that being said we would also have a target at the 0 (red line) of the primary pitchfork . In conclusion, the low is going to be in sooner if not later.

updates to come

*thank you if you found anything in the post helpful* :)
Full Chart
Comment: 2015 count for the low

Look at how many times the 618 on the pitchfork comes in to play in the start of the bullrun
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