per Elliot waves i def think this could play out in terms of time. from the three bubble peaks in 2011, 2013 and 2017...that would be waves 12345 as part of a large wave 1 and now we are descending in large wave 2 (with 5 waves within it). i'd say anywhere from $730 - $1900 could be the technical bottom, depending on panic capitulation. buying the bottom perfectly isn't so important as being able to wait through the doldrums of the infancy of the new large wave 3 which could def take several years to get the bull train moving again. i've watched some videos on time fib analysis and it seems to align with this thought as well
SebastianofMoon
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Elshanti what happened?? From uber bull to uber bear? XD But yeah, I agree, it could indeed become as bad as 2011. However, there is still a chance that the low will be around 2k in march-april. Cheers!
MichaelShutterbug
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Mid 2k should be the bottom. Q1/Q2 2019. Draw the curve from low the 2011 low along the 2014/2015 lows. It will also touch somewhere in 2016 and extend the curve to 2019. It will be mid 2k where we bounce. Bounce soon during December and another 2-4 months of sell off. The final one. At those levels it is more than enough and it will be rewarded with another 100x in btc till peak of next bull cycle. 200-400x in some of the best Altcoins.