toabyt
Long

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* :)
Comment:
Full Chart
Comment: 2015 count for the low
Comment:

Look at how many times the 618 on the pitchfork comes in to play in the start of the bullrun
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out