My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality.
In this chart I pose a valid count that could take us to 100k, however, there are certain things that need to happen and invalidations that can't be broke. There is only so much time for this to develop before the symmetry of the waves gets distroyed, the 2 biggest things I'll be expecting from this count is a necessary extended wave, either (and most likely) expected in the 3rd macro wave with an extended 5th wave to give us a strong, well defined 3rd wave.
The origination of this move had a slow and very corrective looking climb to it, with an extremely shallow wave 2 that can still give an argument to a bearish outlook, however we'll stick with the trend while until it ends.
Due to rule of alteration, and the expectation of an extended 5th wave, we can expect the 4th macro wave to have a steep and fast retracement.
The retracement of the "soon to be" 4th wave from this outlook will be the determining invalidation of it at about 12.5k. With an ideal 4th wave retracement taking us to about 14.5k/16k before a projected blast off in an extended 5th wave, which would target roughly 59k/60k. After that a 4th wave brings us down to maybe 40k, and then we do another 100% 5th wave, typical of the 2017 bull run after 25-30% pullbacks which then takes us to 100k ISH.
What are your thoughts of Bitcoin reaching 100k? Do you think this is still a corrective move or have we started the ultimate bull run to mimic good ole 2017 days? Let me know in the comments below and don't forget to follow so you can learn how to create a full time income and live life on your terms.
I've been following your counting for a few months. You seem to very accurate and I look forward to learning. I bought your masterclass but I cannot figure out how to get into the discord. Any help with that is much appreciated since I will be charged for it soon.
Thanks
Trendymanners
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So do you reckon we are in red wave 4 now, about to head into Red wave 5?
NewWave_Traders
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@Trendymanners, either that or in black wave 4 gong into 5 which ends our red 3 and goes into red 4. But likely upside still.
Also, if we are in red wave 4, then in order to make it to 100k+ we'd need to get an overextended 5th wave, otherwise the target falls short at about 60k for the red 5th wave.
Trendymanners
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@NewWave_Traders, I favour black wave 4. Now that everyone is worried about going short of anything in case Reddit targets them, who knows what this could mean>. Fingers crossed!
Nomenescio
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just a bit over optimistic
NewWave_Traders
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@Nomenescio, we shall see, still maintaining projectory, just a slightly different subwave count, this chart doesn't have time analysis on it so its just for price projections. thanks for checking it out though. :)
markcrypto_knight
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great updates thanks
OliviaPresto
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Interesting perspective! Thanks for sharing Hippo.
I've been following your counting for a few months. You seem to very accurate and I look forward to learning. I bought your masterclass but I cannot figure out how to get into the discord. Any help with that is much appreciated since I will be charged for it soon.
Thanks