willworknow

willworknow Updated 

We hit the 50% Fib level. $0.0423 is the 61.8%.

willworknow Updated 

~$8200 is the 0.50 Fib level, which we didn’t quite hit. I would like to see a more extreme number of BTCUSDSHORTS and negative sentiment. $7240…the 0.764 Fib is the lowest I would want to see, to keep this outlook.

willworknow Updated 

Just a longer time-frame of my H4 chart, which is just an update of charts I posted months ago. ~$8200 is the 0.50 Fib level, which we didn’t quite hit. I would like to see a more extreme number of BTCUSDSHORTS. $7240…the 0.764 Fib is the lowest I would want to see, to keep this outlook.

willworknow

A bottom could already be in around $0.17, although the move up to ~$0.35 looks like 3 waves. ED: Any low past $0.17 could call this ED complete, meaning a thrust up and a lasting bottom. The depth of this correction to $0.17 seems shallow for the blue 1/2 count; still, even the red count would put a smile on your face. The targets above the ED have not been...

willworknow

Projections are using log fib extensions. Once we hit wave i, we will see a steep decline.

willworknow

So far, nothing has changed my view on “the bottom is in”. So far, this all looks bullish. Will be looking to temporarily get out when we reach i for the deep correction in wave ii. Will be paying attention to Altcoins too.

willworknow

So far, nothing has changed my view on “the bottom is in”. So far, this all look bullish.

willworknow

Orange line is BTCUSDSHORTS. The market always turns at extremes. We are there now. We have never seen this amount of bears ever. Bears are all-in, meaning a turn is near, expecting $65K-$150K over time for wave 5 of (3). Notice there were an EXTREMELY low number of bears at the top, ~$19K.

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Looking for a bottom. If nothing else, based on the EXTREME number of BTCUSDSHORTS. We have never seen these levels. This is not the time to be short. If you overlay BTCUSDSHORTS on the daily chart, it always turns at extremes. We are there now.

willworknow

Positive divergence at bottom with a possible Ending Diagonal. This could also be part of a much larger Ending Diagonal that I have outlined in previous charts.

willworknow Updated 

This is a time update to my last H4 chart as this is taking forever, as Ending Diagonals typically do. Primary count is in blue , where we could be in wave (v) and any new low could complete this final move....ending in a trust up. Alternative count is in gray, where we are only just completing wave (iii). Notice the positive divergence at the bottom. This move...

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Elliott Wave Ending Diagonal for a C wave to complete this correction to around $5700 area. Notice the positive divergence on the Awesome Osc and %R Williams? The inverse was occurring at the top from $17K-19K....then we lost 50% in 6 days. There still could be a month or two for this to complete. They always take longer than expected. I've said this in other BTC...

willworknow Updated 

This is really just an update to my previous BTC/USD post. This last move down looks more like a 5 for a C within (iii). This may take some weeks to complete. If the gray count is playing out, it could reach the $5000-4500 area. $65000 would be my first target, with higher numbers possible. Cryptos trade like nothing else, extreme and logarithmically.

willworknow

Notice the positive divergence at the bottom...a sign of weakness to the downside. We should be nearing a bottom very soon, ready to start wave 3 circle. It took two months to form wave 1, where there was a 43 multiple increase. Cryptos trade logarithmic....including Fib extensions/retracements. My timeline is a total guess and is just what "feels" roughly...

willworknow

Various altcoins support this in a final A-B-C move, where we are in the final wave(s) of C, from all-time highs.

willworknow Updated 

We should be nearing the end of a third wave, ready for a significant pullback to the $3600 region, before heading back up for a high-degree top in wave 5 of (1). I would be wary of remaining long without any concerns for the downside.

willworknow

If so, we should be nearing a significant pullback for wave 4. See my other BTC chart for longer time frame.

willworknow

We should be nearing the end of a third wave, ready for a significant pullback to the $3600 region, before heading back up for a high-degree top in wave 5 of (1). I would be wary of remaining long without any concerns for the downside. TradingView doesn't go back far enough to see the first wave. I have attached what I was charting way back on 1-7-2015, wave 1...