Alright, back to the things that matter. Complex waves once more on Bitcoin , she is playing difficult one more time (yes its a female, its obvious). The majority of the alts have already started their first impulsive waves up and showing a potential reversal. We all know that the profits from the alts eventually move to Bitcoin , just like fuel for another run.
So, what do we have this time? A nice big and boring triangle B.
Low volume: Check
Volume decline: Check
High Volatility: Check
Boring action: Check
Moon potential: Check
Trendline Denial: Check
Use it or lose it.
It wont make a difference to the average eye, since E often falls short.
Elliott Wave and Harmonics traders would probably be half as good if there any Trendline-boys and triangle traders.
Upside: 7 and 7.7
Downside ( if 6.4 was not the bottom): 6.1, 5.8 and 5.4
Oh BTW, news ALWAYS come just before the final move.
Got very excited for the upcoming bear hunting. :)
Saying that it will go to 5k or 3k without meeting the rules then im sorry, but i cant take you seriously. You are simply biased and a news-trader.
Here is one alternative that i have posted above ( very old one, it was on one of my first SERIOUS ideas), check the bounces once it hits the 0.618 proposed fib for the Z.
I know that this post is kinda log and the idea is way off. I will come up with a new one just need some validation points.