The price is above both red resistance lines. Beyond the high of april there is room for the second doubling after the dezember low. Note the ladder which indicates subsequent doubling in harmony with major resistances.
It would be quite unusual, if the necessary time to correct the whole impulsive move from the beginning up to the all time high would take only half the time of this impulsive move to unfold. Also the downmove since Jan 2018 was limited to a simple channel. Complete corrective moves normally present themselves more irregular.
The present upmove since dec 2018 is...
If the price stays above both blue and the red line, a new bull runn might start. A stop buy order above the high of yesterday could be an interesting level for a lot of people after which a lot of buying could take place.
This is the best count at the moment and implies a lot of upside potential. The deep retracement during 2018 hints to a wave 2, so now a rapid wave 3 (to be precise 3 of 3 or 3 of 1 of 3) might unfold.
This is the best count for me at the moment. Note the fitting slope of the lower trend line with the price ascent during the last months.
If we start a completely new wave of the same degree of the one which unfolded from the beginning, this new one would be a wave 3 with all its wide reaching consequences - for example the upper trendline.
As mentioned in my former analysis from february, an explosive move did occur after the price formed repititive fractal waves 1.
At the moment, a wave 4 unfolds as a triangle and afterwards a wave 5 of fifth minor degree (of course in this case according to the waves since december 2018) might carry the price to around 6000 USD.
The bottom is in.