I am following four bitcoin analysts who use Elliott Wave and as I read their posts here are their current positions:
masterluc - starting impulse wave 3 now
chessnut - Eight wave cycle complete
DanV - we are currently in corrective wave C experiencing a bounce but lower lows predicted
RyNinDaCleM - we are currently in corrective wave B and expects new lows
Did I misinterpret anyone's current count? Also if I missed an EW analyst you think is important link please. Thanks!
masterluc - starting impulse wave 3 now
chessnut - Eight wave cycle complete
DanV - we are currently in corrective wave C experiencing a bounce but lower lows predicted
RyNinDaCleM - we are currently in corrective wave B and expects new lows
Did I misinterpret anyone's current count? Also if I missed an EW analyst you think is important link please. Thanks!
No misinterpretation and thanks for the props, but my counts are as follows.
#1 The Leading diagonal scenario that I have boarder line spammed this and chessnut's threads with. It is a complete count from an EW standpoint. I did make mention about the log trend line break and how it can (depending on the market reaction) change my mind about this count and lean more toward #2.
#2 The large wave-B count. This count is still on track and is only invalidated with a fall below 219.71
#3 Which I believe is the same count chessnut has as his preferred count currently. However, imo, this can only be used as a 4th wave since it's not long enough to be a 2nd. This is the only count I have that leads to new ATH's before seeing LL's.
A price of $260/BTC in 2017 sounds unrealistic given the block reward halving in mid 2016, the VC money that keeps pouring into the ecosystem and a probably stock market correction, a new ATH seems more likely to me than a revisit to the $200's