BTC - The Final Countdown $BTC $ETH $ICX $ZRX

Updated

working on wave 4 of Elliott's overall correction from previous all time high of 20K. Wave 4 (contracting triangle) will be completed by a rally to ~9K sometime within the next 10 days. Following the rally RSI and corresponding volume will likely be 'reset' to higher levels for a bearish and final wave 5 - to be completed sometime in early July. Fibonacci puts final wave 5 at a target of ~$4300. Classical TA puts final low at $3900 and hyperwaves suggest a low of $4.8 to 5K. Since Elliott wave 3 contained an extension, it is unlikely (although not impossible) that wave 5 will have an extension - Elliott targets could be anywhere between -5K depending on the waveform. For long positions, any buy below 5K will be excellent. Even buys now for the HODLers will pay off very well by the end of the year. Completion of wave 5 downward from the last high of 20K will be the completion of wave 2 (blue) of one degree higher, setting up a perfect wave 3 (blue) with anticipated final fibonacci targets of 60K to 70K - corresponding to aridavidpaul predictions from earlier this year.

I am 80% on this description as the primary count. My 20% alternative count is that the final rally of wave 4 to 9K breaks through the 9K ceiling and we move upward from there.

youtube.com/watch?v=9jK-NcRmVcw

Note

Apparently TradingView didn't like my parentheses... here's the text again:

working on wave [ 4 ] of Elliott's overall correction from previous all time high of 20K. Wave [ 4 ] (contracting triangle) will be completed by a rally to ~9K sometime within the next 10 days. Following the rally, RSI and corresponding volume will likely be 'reset' to higher levels for a bearish and final wave [ 5 ] - to be completed sometime in early July. Fibonacci puts final wave [ 5 ] at a target of ~$4300. Classical TA puts final low at $3900 and hyperwaves suggest a low of $4.8 to 5K. Since Elliott wave [ 3 ] contained an extension, it is unlikely (although not impossible) that wave [ 5 ] will have an extension - Elliott targets could be anywhere between -5K depending on the waveform. For long positions, any buy below 5K will be excellent. Even buys now for the HODLers will pay off very well by the end of the year. Completion of wave [ 5 ] downward from the last high of 20K will be the completion of wave 2 (blue) of one degree higher, setting up a perfect wave 3 (blue) with anticipated final fibonacci targets of 60K to 70K - corresponding to aridavidpaul predictions from earlier this year.

pdloftus

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