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/status/1039538417552515074

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.
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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.
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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
@Intuit, never said this, most important is to avoid any loss as much as possible, and taking the easy money, but alot of patience ;)
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Intuit VladimirBashovski
@VladimirBashovski, Nothing got delayed. I was simply wrong that it would end on a certain date. Since it's impossible to KNOW when something is going to happen, I'm just making educated guesses on the date, nothing is expected. The odds of me picking the EXACT date that a 10+ month bear trend ends on the very first try is very low. Obviously I'm probably not going to get it right on my first try or even my second, but i've often gotten things right after a few tries, and using my system I can narrow the possibilities down to a few probable options. Either way, I've been clearly trading this profitably by switching my positions so you can talk all the shit you want but I still see ZERO analysis from you.
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@Intuit, i understand your idea,but you are and will make people (probably) loose money, that is the thing during the timeyou want to guess something, there have to be very very big news to move the market upwards and volume is fading , i expect btc dominance to raise to 67%max in next 3-10 months while going to 3k making other coins touch the ground. Remember guys BETTER MISS WIN THAN LOOSE MONEY. Calculate risks and HAVE PATIENCE. Good luck
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LarryisBROKE VladimirBashovski
@VladimirBashovski, post your analysis. i want to see where you got all this information of where bitcoin is headed
+1 Reply
very optimistic. descending triangle is pretty obvious and tells the tale of further downside to 3k
+2 Reply
@Venturion, falling wedge looks pretty obvious as well.
+2 Reply
You really think so? I feel it has further downside.


Here's my Sept. 11 BTC & ETH analysis. Talking points: BTC U-shape fractal | Inverse charts | Weekly bearish engulfing | 6100 break could lead to June low breach:
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Thank you @Intuit ! quality content :)

Do you have any links for more information on symmetrical elliot wave corrections?
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