Petros
Long

Target zone for wave 5, comment on Sheba Jafari & Goldman Sachs

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar


If the corrective wave 4 is concluded, and it looks like it is, the target for BTCUSD             is minimum $6000.

If the correction is not over, then what is wave 4 for now, will become wave A, and we'll see wave C going below $3000, then wave 5 will proceed with slightly lower target.

The structure of BTC             movement during last years is perfect, textbook Elliott Wave .

Wave 5, that Sheba Jafari of Goldman Sachs was referring to was only the internal wave of wave 3 visible above. CNBC also reported on her analysis on Mon, 14 Aug 2017. You can check it out.

Here I present the bigger picture of what she was talking about.
any update on this?
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Petros DanielKerridge
@DanielKerridge, No reason for an update yet. Let the market do it's thing. If it exceeds the high of wave 3 or the low of wave 4 then we'll have something to talk about.
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@Petros, lol
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Petros Crypt0Rider
@Crypt0Rider, LOL, target achieved. The question is if the wave leading to that target is wave 5. It had the highest momentum in history, with qualifies it to be the new wave 3. I'll post a supplementary chart with the new count in the following days.
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