Hi guys,
I am new here and will be grateful for your welcoming me aboard. I am an Elliottician and I apply Elliott waves to currencies (forex), gold and bitcoin (BTC/USD). My current analysis suggests that bitcoin price is falling in a third wave and will likely fall to below $100 soon. NB: I know that's a shock to most
. However I will provide more information as time progresses. My chart below is self explanatory (for those who understand the basic Elliott Wave theme) but I will endeavor to bring everyone on board and not lose people through unnecessary jargon.
As shown, I expect bitcoin to bottom at about $85, being the area of the last fourth wave (i.e the converging trend lines) of the rise from about $0 to >$1000 a piece.
I am new here and will be grateful for your welcoming me aboard. I am an Elliottician and I apply Elliott waves to currencies (forex), gold and bitcoin (BTC/USD). My current analysis suggests that bitcoin price is falling in a third wave and will likely fall to below $100 soon. NB: I know that's a shock to most
. However I will provide more information as time progresses. My chart below is self explanatory (for those who understand the basic Elliott Wave theme) but I will endeavor to bring everyone on board and not lose people through unnecessary jargon.As shown, I expect bitcoin to bottom at about $85, being the area of the last fourth wave (i.e the converging trend lines) of the rise from about $0 to >$1000 a piece.