shubbs

Bitcoin Elliot Wave projection next couple of months

Long
COINBASE:BTCUSD   Bitcoin
Minuette wave (iii) ended at $15977; it's move from $13530 to $15977 was a $2447 move. Minuette wave (iv) could end at $15035 which is the 38.2% Fib retrace of the minuette wave (ii) to (iii) move; $15301 was reached as a low so far over night.

If minuette wave (iv) ends at $15035, then minuette wave (v) should not exceed (iii)'s $2447 move unless it's an extended wave (v). (v) also has to exceed (iii)'s $15977 top. The 0.618 Fib extension of (ii) to (iii) back to (iv) is about $16500. The 0.786 Fib extension is $16994. I believe (v) and minor wave 3 will end between $16500 and $17000. It should occur next week.

Minor 4 could be a 0.382 Fib retrace of the Minor 2 low at $14227 to the potential $16994 minor wave 3 move or $14227 by mid to late November.

Minor wave 5 and intermediate wave (3) could end in December near the $19764 ATH or maybe a little higher. JMHO

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