Another update to BTC.......some changes I didnt foresee.
In an case, resistance held strong and BTC dumped. Not once but thrice. The third time forced me to rethink the count I had.
Now it seems that BTC is doing and ending diagonal, as shown above.
Final target is around 43,400 based on the fibs. However, wave 5 of a diagonalis weird in that it can truncate...
It looks like BTC is going according to plan.
Major wave 4 of the final wave has been put in. We briefly dropped below the previous high and rejected. A little more upside is possible.
The count looks good for a final 5 wave up. Many different targets here, so not sure what to make of it.
Due to the extremely extended wave structures thus far, I do believe we...
Well BTC has gone totally crazy in the last day or so, and I didnt expect it. I have found the error in my count which led me to believe the top is in. I am more confident in the revised count now.
I have revised the chart now, based on the latest retrace from 40,4000 and it looks like we are now entering the final 5 wave of the 5 wave of the 5 wave.
I have...
Heres a further update to my BTC prediction.....
I am seeing BTC grind its way up to 36k from here, possibly in an ending diagnol structure. It is not a pretty count.....but I do believe it is valid.
This should end the big impulse up and be ready for a substantial correction.
Failure to break 35000-35200 and stay above it, may lead to a drop to 32100 - 32400...
Herewith an update on the BTC-USD and what I am currently seeing.
It seems like the 5 wave may be completed. High probability area for the 5 wave has been reached, which is the 2 / 2.272 extension of the proposed 1 wave projected onto the 4 wave.
Still watching this now to see if a further extension is possible to the 1.618-1.75 fib target. But we may have a...
Hi all,
I have revised my EW count on BTC-USD. This is the first time posting, so heres my macro overview.
Now Elliot wave purists may not agree, especially with such an extended 5th wave.......but hey?
Firstly, I dont believe the 14k high from Jun 2019 is a 1 wave. I believe it is a 3 wave structure that corrects the 20k high to 3k low.
The 14k high also goes...
I dont believe BTC is done yet. I still think we have one more wave up to 35245-36256 range.
The drop from 34800 to 28800 is a very likely candidate for 4th wave from the 16,000 low. The fib relationships fit perfectly.
As long as the 27,800 remains intact, I will be looking for the 35-36k target.
Obviously with BTC overly extended, a double top / truncation is...
