ltc-joe

Advanced Elliot Wave Analysis: Bitcoin to 10 Million

BITSTAMP:BTCUSD   Bitcoin
Zed’s ded.

The decade long Running Double Three turned Running Triple Three (largest degree) Wave 2 is now complete. What many do not understand is that the last two major Bull rallys were actually corrective waves to the upside and tiny on a relative basis (*measured internally using % increase as should be the norm with all cryptocurrencies). Look for Wave 3 to last at least a decade long (it should be equal or longer to Wave 2) and put in a cycle high of around 5-10 Million dollars.

Running corrections (Flat, Double Three, or Triple Three) have the most powerful implications of what is to follow, they are the most bullish patterns in all of Elliot wave (given they complete to the downside). We just concluded a decade long running correction. Drink that in.

Related Bitcoin Charts:

Short term:

Recent Classics:


Gluck.
-The greatest ever



*Feel free to watch the entire video series I did which explains the prior statement, these young, volatile assets exhibit purely emotionally-based hype cycles of explosive growth. As long as you avoid comparing up moves with down moves (which are limited to 100%) you will not run into any problems.
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