Intuit
Long

Crypto Is Hitting the Bottom, Bitcoin to 100k+ in 10 Months (EW)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Comment: https://twitter.com/Intuit_Trading/statu...

Keep an eye on the Indian Supreme court decision coming tomorrow. If they decide to unban it, which is likely because even the RBI regrets banning it because it forced it into the shadows and out of KYC/AML exchanges, then that will likely be the catalyst we need to break up from the consolidation range.
Comment:

Indian Supreme Court decision got delayed until the 17th. There's still a strong chance the courts could give the government a directive to regulate cryptocurrency.

There's also two time targets on that exact date. The first is where the large wave-(d) relates exactly to wave-(b) in time. The second is where the small wave-i relates to wave-h and wave-g by 0.618 in time.

If 6k support fails, we could test 5k, but either way this should end around the 17th.
Comment: Also wave-i won't be so short in time now so this actually makes a little more sense, and its more likely that wave-(d) relates to (b), rather than (c), because (b) is a same-direction wave.
Comment:

This will probably stretch out to the next time target on the 25th, which is also the next possible day for the Indian Supreme Court to hear the case about the crypto banking ban. Seems pretty likely whenever that happens and the Indian supreme court directs the regulatory bodies to regulate the cryptocurrency industry, we'll see a pretty big price increase that could begin a long-term uptrend.
Comment: If this bounce gets some follow through we could be ending sooner than originally thought.
Comment:

It appears that wave-(i) has started to form a symmetrical pattern itself. This is a fairly common occurrence for the last wave of the pattern to mimic the entire pattern.

This also implies that we'll continue to consolidate for about another week before finally breaking up sometime in early October.
Comment:

Wave-i is currently underway, as forecasted. Price action has conformed extremely well up to this point and I feel very confident that we are going to see an explosive break up probably around the 8-10th, so be ready.

At this point there are virtually no other logical elliott wave possibilities, so the probability of this finally breaking up is more high now than ever before.
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Have we finished i) wave? To me it seems that we will stay in this price zone until the middle of next week waiting for daily indicators to reset after which we should start slowly ascending.

Intuit do you have your own telegram/tv group?

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Intuit dan_idk
@dan_idk, Check here for live updates: https://www.tradingview.com/chat/#k2duaEvkzQaA6D

Also I agree, but I think the indicators may turn over sooner than that.
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Already 1 month your uptrend to the moon is being delayed, why? Because we are not even close yet, you will delay more and more, beware people.
Reply
Intuit VladimirBashovski
@VladimirBashovski, Lol you again. Long on shit talking, short on analysis.
Reply
@Intuit, shit talking? Why so rude? I’m sharing the idea like i started before a month that you will delay the trip to MOON because we are not close to having a uptrend, delaying delaying, while the news and bounces trap people, like ripple did.
Reply
Intuit VladimirBashovski
@VladimirBashovski, Yeah and I'll just take your word for it. Great analysis. Meanwhile I forecasted most of this sideways fairly perfectly. Even stated in the video it was possible to go sideways for a bit longer before breaking up, also price was at 6200 when I said buy, and even lower on a lot of altcoins. I'm already in a large profit. Meanwhile, I can't say the same for your suggestions.
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@Intuit, yes probably you predicted few percent movement ! Not so bad. But i will just watch how lond you will delay with news that trap people. Maybe i’m wrong , maybe not?
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@Intuit what's your opinion in alts during the upcoming btc bullrun? i'm wondering if i should buy those seemingly cheap alts with my btc now or if they will just continue to lose satoshi value when btc starts shooting up.
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Probably at 25th something will delay the “bullrun” month more after this month again month and so on, load your patience up and don’t be dissapointed. Good luck.
Reply
Intuit VladimirBashovski
@VladimirBashovski, If you're looking for trades that are 100% perfect 100% of the time, I suggest you look elsewhere (or give up because you'll never find that)
+1 Reply
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