Okay, so the last my update reveal Bitcoin can come to 35xx - 37xx and that is the end of down correction.
Now we are in wave 4 of Wave C correction. We may have 1 another small down correction before bounce up in middle term by big wave C target 45xx $ or 49xx $
The support for this time keep in 35xx - 37xx $
This is my last prediction
Hope this small update helpful with all you. I will keep all you update in day with more different time frame analysis.
BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS
The similar of Bitcoin from the past
Can you do something similar for the Daily BTCUSD? I tried it out.
I have the following chart for BTCUSD:
I also have set up a 1-2-3-4-5 Elliott Wave.
Waves 1, 3, 3 and 4 come out perfectly - but - Wave 5 shows a BTCUSD Crash.
IF Extended if Wave 3 is less than 1.62 X Wave One, THEN
Wave 5 = .62 X Length of 0 to 3
Wave 5 = 1 X Length of 0 to 3
Wave 5 = 1.62 X Length of 0 to 3
It came from here: http://astrocycle.net/PDF/WaveRatios.pdf
Again, it bugs me that it looks as though BTCUSD would Crash. What is missing here?