Post
Topic
Board Speculation
Re: 2019 Cryptocurrency (Elliott Wave)
by
Wexlike
on 15/11/2019, 13:28:35 UTC
Ok this is my chart. I counted since btc was 1$ then 5 waves ended with their ABC correction and consolidation mid 2016

https://i.ibb.co/FmZ9rw6/Screenshot-20191109-094930.png

Thank you for your chart. Personally, do not agree with your interpretation of Elliott Wave.

—From 2010 to 2017, there have been 3 primary trends in Bitcoin: 2 rising, 1 declining.
—From 2010 to 2019, there have been 5 primary trends in Bitcoin: 3 rising, 2 declining.

The declines are apparent on any momentum indicator such as the RSI, being oversold on a weekly timeframe, with sub 30 readings...



Is it correct, that according to your wave count wave5 would bring us to around ~$123k ?