Hi guys, we have here a clear analysis of Bitcoin - The first wave started mid july 2017, than we have seen corrective wave in september, pullback - and creating the long term trendine!!. Afterwards it was just a while of consolidation and do you remember the rally in november/december? WOW, it was, something, wasn´t it?
There was just one corrective wave in the whole run, which was the 4th wave of Elliot, than shot fifth one and...yes, more than two months of suffering and pain of the CLASSIC corrective waves that most people should have known about! So OK, corrective waves show where is the end of cycle. And we have seen it. The end was on 6k, from where we saw amazing run up to 11 600 (Almost 100%!). Now go and check how many % did bitcoin usually do in it´s cycle before it got a pullback. It was usually 120%.
Are we home yet? Yes, this run from 6k to 11 600 and than back to 7 300 was nothing more and nothing less than the 1st elliot wave AGAIN! So check Bitcoin closely in next weeks, we are just coming to the 3rd wave....and yes, as you know, the 3rd wave is the most dynamic one. I advise you to JUMP IN until it didn´t explode. I´d say you have few more days before this hell starts. Last time in this phase we made 300% gain on Bitcoin, so this time we could end up the 3rd wave somewhere around 21 000, and as we see the end of the trading channel, the 5th wave should end on price around 25 000 USD.
There´s the question: are you ready for that?
There was just one corrective wave in the whole run, which was the 4th wave of Elliot, than shot fifth one and...yes, more than two months of suffering and pain of the CLASSIC corrective waves that most people should have known about! So OK, corrective waves show where is the end of cycle. And we have seen it. The end was on 6k, from where we saw amazing run up to 11 600 (Almost 100%!). Now go and check how many % did bitcoin usually do in it´s cycle before it got a pullback. It was usually 120%.
Are we home yet? Yes, this run from 6k to 11 600 and than back to 7 300 was nothing more and nothing less than the 1st elliot wave AGAIN! So check Bitcoin closely in next weeks, we are just coming to the 3rd wave....and yes, as you know, the 3rd wave is the most dynamic one. I advise you to JUMP IN until it didn´t explode. I´d say you have few more days before this hell starts. Last time in this phase we made 300% gain on Bitcoin, so this time we could end up the 3rd wave somewhere around 21 000, and as we see the end of the trading channel, the 5th wave should end on price around 25 000 USD.
There´s the question: are you ready for that?