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BITCOIN LONG RANGE OUTLOOK BY DANIEL BRUNO, CHARTERED MARKET TEC

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BITFINEX:BTCUSD   Bitcoin
BE SURE TO STUDY MY PRIOR BTC CHARTS LINKED BELOW FOR THE WORLD'S MOST ACCURATE FORECASTS

NO EASY IDENTIFICATION OF ELLIOT WAVES ON THE WEEKLY CHART, THE MOST IMPORTANT TIME FRAME

THE PARABOLIC MOVE UP TO ATH IS EITHER AN EXTENDED 5TH OR A 3RD WAVE

THE ABCDE ETC CORRECTION SHOULD REACH THE ORIGIN OF WAVE 4 ($5000)

IF ATH WAS A WAVE 3 THEN THE ENTIRE CORRECTION IS A WAVE 4 AND WAVE 5 HAS TO SURPASS 20K BY AT LEAST ? % IN THE NEXT 12? WEEKS....A PARABOLIC MOVE UP...THE ODDS OF THIS HAPPENING MAY BE 1 IN 25....VERY UNLIKELY...THEREFORE THE ATH WAS A WAVE 5 TOP


FAR MORE LIKELY IS 4 TO 5 THOUSAND. CURRENT PRICE IS BETWEEN 62 AN 78 RETRACEMENT FROM ATH AND JUST GETTING BACK TO 10K WOULD BE A MAJOR ACHIEVEMENT

A LONG CONSOLIDATION PERIOD OF MONTHS OR YEARS WILL TAKE PLACE BEFORE BTC SEES 20K AGAIN

ARI PAUL PAID A MILLION DOLLARS FOR A BTC OPTION THAT IS IN THE MONEY AT 50K, HE PAID A MILLION DOLLARS FOR IT IN DECEMBER 2017. THAT OPTION MAY BE WORTH $5000 TODAY...IT WILL EXPIRE WORTHLESS...

DANIEL BRUNO, CHARTERED MARKET TECHNICIAN FOR HIRE

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