BITCOIN Elliott Wave Analysis 04.10.18
מעודכן
This is a Bitcoin 
BTC bear scenario up for educational review. Thesis: Bitcoin is going lower & we could be consolidating before another strong motive wave down. This could bring price below 5K. No strong bull indicators for a serious move in the opposite direction & this favors the bear argument. The bull case is that we might be consolidating and there are more confirmed whales trading BTC & other cryptos. I don't think the news leads the charts, so this is a perfect time for them to reveal their interest while BTC media attention and online search is at a major low. We wouldn't want a price spike if we (or our friends) still had short contracts that close in a few weeks. That said, a move above $7500 would change short term counts & = short stop potential area.
-M
Disclaimer: This is not financial advice.
BTC bear scenario up for educational review. Thesis: Bitcoin is going lower & we could be consolidating before another strong motive wave down. This could bring price below 5K. No strong bull indicators for a serious move in the opposite direction & this favors the bear argument. The bull case is that we might be consolidating and there are more confirmed whales trading BTC & other cryptos. I don't think the news leads the charts, so this is a perfect time for them to reveal their interest while BTC media attention and online search is at a major low. We wouldn't want a price spike if we (or our friends) still had short contracts that close in a few weeks. That said, a move above $7500 would change short term counts & = short stop potential area. -M
Disclaimer: This is not financial advice.
הערה
My count was right but timing wrong. We hit the target on the chart of around 3k for a local bottom (for now) still not out of the woods that we're going to new ATHs or new lows but mid term we got to this wxy count. cheers
כתב ויתור
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