Bitcoin you are going down! but 5k before? another Elliott Count
Hello everyone.
I thought that I stopped being objective so I cleared all the waves and had a fresh start.
First of all, when we consider the 2014-2016 bear market we can definitely see a complex WXYXZ correction, that is for sure.
Then I told myself that if the first correction is complex, the other should be simple.
So I think 2018-2019 bear market can be a simple ABC correction!
When we consider an ABC correction that means a 5-3-5 elliott wave structure. So I find myself in the C wave trying to finish the 4th wave. The second wave of C was a complex triangle which concludes that 4th has to be simple. That's why I still think that 4500-5200 range is possible. But we can directly pass those prices and go down to 2k's.
Here is the big picture
The targets did not changed at all...
Still waiting for 2600, but before are we going to see 5k? I cannot promise, but why not??
Even though I still think that 2600 is the last stop, BTC has the option to go all the way down to 1800.
But, hey, what is the difference for us between 2600 and 1800. We have seen 20k to 3k :)
Good trades everyone.
Stay away from .hitcoins.
I thought that I stopped being objective so I cleared all the waves and had a fresh start.
First of all, when we consider the 2014-2016 bear market we can definitely see a complex WXYXZ correction, that is for sure.
Then I told myself that if the first correction is complex, the other should be simple.
So I think 2018-2019 bear market can be a simple ABC correction!
When we consider an ABC correction that means a 5-3-5 elliott wave structure. So I find myself in the C wave trying to finish the 4th wave. The second wave of C was a complex triangle which concludes that 4th has to be simple. That's why I still think that 4500-5200 range is possible. But we can directly pass those prices and go down to 2k's.
Here is the big picture
The targets did not changed at all...
Still waiting for 2600, but before are we going to see 5k? I cannot promise, but why not??
Even though I still think that 2600 is the last stop, BTC has the option to go all the way down to 1800.
But, hey, what is the difference for us between 2600 and 1800. We have seen 20k to 3k :)
Good trades everyone.
Stay away from .hitcoins.
Comment:
take profts! target 1 done
