i see Price pushing up to around 10475 area to complete the top of the Elliot's wave. After the wave is completed then the turn around process will begin. I see the A to B wave of the ABC correction wave pushing the market up one last time to create the head of the H&S turn around. My predictions is the market should push up to around (11008). Then the crash begins. My predictions of the 1st major push of the crash should take the market down to around the (6080) area.
Yes, it is possible but there is a bullish confirmation, it should reach at least 16000 up to 24000.
No-manLand
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a small retrace (like up to 600$) is surely reasonable, but highly doubt such a crash u depicted here.
DCMckethan
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@SajjadSaberi, Im not saying that it will all happen in 1 day or a week even. But you cant under estimate the movement of bitcoin.
GunMoney
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I agree. Another surge to $10,500 roughly then we correct. My target re-entry will be $7700-$8200. I don't anticipate going below that.
DCMckethan
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@GunMoney, Ok. I could see why you say that. And this call seems extreme. However I strongly see this happening
GunMoney
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@DCMckethan, we'll see. Just using 61.8% & 78.6% fib retracement levels as range. Anything below $7500 breaks 5-year log trend-line and that's not likely.