4750ish is the mean bottom with a possible 43-40k probe down and back up to finish the bear season. Consolidation for a while then up we go. I've take every account into this chart. I pulled fibs off 2018, 2014, trend lines, fib channels, applied 2014 total percentage drops to our current with probes and mean line included, ema's. Also had time space of bear runs with was within days of each other of 54. The current bear count didn't fit that, and was more than doubled, w over a 100 days. I decided to delete it to clean up the chart a bit. Also deleted the fib retracements and extensions that lined up with 2014 fib counts. I've done Gann box, pitch fork also on other bitcoin charts loaded w fibs and elliot. 4750 is the number I keep coming up for the bottom w a possible probe down to the 43k'ish, and back up. I've also included fib channel counts, descending triangle counts which both break up. This chart your view is nuts... I know.... I will post close up views of this chart. Pretty sure we will trickle down to 5875 with slight bounce up, then dip to 5500, 5000, then 4750, w possible probe to 4300. Then bull should take complete control after that. Check the comment for close up views
Comment
⋅
Comment
⋅
Descending wedge view
Comment
⋅
Weekly RSI case study on wave counts.
Comment
⋅
Gann box with two projections. The faded yellow candles is copy and past of previous down trend.
Comment
⋅
BTC monthly indicators study. So 2015 on Sept 23 was the start of the bull season with a slow and easy move up. Macd bottomed out 9 months before Sept 23, 2015. It took 4 months after that to cross up, which we are currently approaching the cross up now. After that, there was one more drop on btc on Aug 18, 2015. It was a dead cat bounce, which dropped 33%, and then back up 33% which marked the end of the bear. Then there was just over one month of consolidation before Sept 23 btc started moving up and the Macd crossed the zero line. A 33% drop at our current levels will drop btc to $4100-4300. If the Macd keeps up the same trajectory and crosses the zero line, the projection of the next bull run is for Feb 2019. If that the case, the RSI will bounce off the 50 line, and stochastics will just round back up. The orange lines shows what it would look like. Keep an eye on oct 9ish or nov 24ish for a possible final drop. Sorry for the mess