Quote from: Wexlike on November 15, 2019, 01:28:35 PM

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

Where the PRIMARY[5] bull market ends is open to interpretation and speculation.

From an Elliott Wave perspective: A common wave relationship guides the price of the fifth wave to be equal to; or extend a Fibonacci 1.618 or 2.618 times; the length from the low of the first wave through to the high of third wave; projected from the low of the fourth wave. This provides a conservative target of the current bull market to conclude between $22,912 and $35,127 and $54,892, calculated using the BraveNewCoin (BLX) index:

Code:

@22913: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1
@35127: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1.618
@54892: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 2.618

As and when the waves develop and progress, and in the event of subdividing and extending waves, revised price targets shall be calculated with renewed projections.

Let's take it one wave at a time! Wink