Quote from: xxxx123abcxxxx on October 30, 2019, 07:30:29 PM

Quote from: josegines on October 30, 2019, 03:12:57 PM

Is it totally ruled out that the market made PRIMARY [5] in Dec / 17 and since then is doing CYCLE II?
Thanks for your updates.

There are many Elliott Wave counts which suggest Wave-5 completed at the 2017 high.

However, when counting the individual constituent waves, the analysis on this thread suggests, either: Wave-5 is still currently in progress (preferred); or, completed at the 2019 high as a truncated fifth wave failure (alternative).

but a truncated fifth wave failure would reverse the entire impulsive wave and also, violently, in this case, that would mean that the price would return to 0.

Do you think BTC can go to 0?