BTC Mid Term Tagets Update (06/05/2018) - CRYPTOSHADOW

BINANCE:BTCUSDT   Bitcoin / TetherUS
Sentiment Recap

We have been in a bear market for a while and the sell pressure has been consistently increasing. General community has started to attribute it all to manipulation but I am not sensing enough despair yet in people's minds - the prime signal for a reversal.
Although the water pressure is building - attributed to the subtle volume increasing in every down-leg, underground positive news of BTC such as OTC markets and silent ETF contracts, FUD at at all time high on CNBC is the first bullish divergence (in sentiment) that I am spotting.

My Elliot Wave Count?

My graph shows a very detailed elliot wave count (I have saved you from all the murderous lines) - but what it implies is that we will be heading to the 5.8k-6k region. Due to this being a major confluence point between different time frames, investors are likely to choose a capitulation point to buy in OR slightly above the perceived bounce point, in order to not get priced out.

Fibonacci zones are all confluence at the 5.8, -6.1k regions. As we approach I will be able to deconstruct it more.

Please not that it is fairly obvious we are forming a descending wedge who's apex could take us very low. This low is not likely so the apex must break some point soon.


Short term target - 6.1k
Mid term target (v bearish ) - 4.5k

I however think 6.1k will be a triple bottom to the sky
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