Bitcoin Elliott Wave Update - Bearish count still validsteemCreated with Sketch.

in #bitcoin • 7 years ago (edited)

The bearish wave count that I've been posting about is still valid. We came close to invalidating it yesterday, but never quite got there. Prices hit a high of $4122.70 but never reached $4125.99.

It looks as though minuette wave (iv) is now complete and we're ready to start back to the downside. Looking at small degree waves, there were 5 waves down from the high last night.

Screen Shot 2017-09-19 at 6.58.19 AM.png

If prices break $4125.99, this wave count will be invalidated.

#btcusd #trading #elliott-wave #cryptocurrency
7 years ago in #bitcoin by
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     7 years ago 

    So what do you think it will drop to and over what time period? What is your projections of correctness in the past percentage wise?

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       7 years ago 

      Based on the current preferred wave count, I'm anticipating a break below the $2972 if we don't get a truncated 5th wave. Based on the length of previous waves of the same degree, it should take place over a few days.

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         7 years ago 

        Thank you very much for the update.
        You have been more then helpful although you're traveling.

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