Just for fun -- don't kill the messenger
Komen:
quite scarily, i'm also counting full subwaves on every elliott wave here. a detailed count of the last wave sends BTC to 4500
Komen:
Final fifth wave sends BTC to either a 6k double bottom or 4800 retracement
Komen:
I'm under the impression that in order for this entire theory to be correct, subwave 4 of this final 5th wave would need to holdup and not cross wave 1 scenario of around 8700. so, we are about at the point of no return right now, and should know imminently. i have to think that if we can't cross 8700 soon, this scenario is fully in play, and we are going DOWN DOWN DOWN to at least 6k.
Komen:
I honestly think the double bottom of a 6k bottom is the most likely scenario. i think the market wants to turn around, but we haven't 100% gotten there yet. a double-bottom would also validate this elliott waves count, and signal a very strong support and likely turnaround of the market.