BTC - The Final Countdown $BTC $ETH $ICX $ZRX

1 Jun 2018

BTC working on wave 4 of Elliott's overall correction from previous all time high of $20K. Wave 4 (contracting triangle) will be completed by a rally to ~$9K sometime within the next 10 days. Following the rally RSI and corresponding volume will likely be 'reset' to higher levels for a bearish and final wave 5 - to be completed sometime in early July. Fibonacci puts final wave 5 at a target of ~$4300. Classical TA puts final low at $3900 and hyperwaves suggest a low of $4.8 to $5K. Since Elliott wave 3 contained an extension, it is unlikely (although not impossible) that wave 5 will have an extension - Elliott targets could be anywhere between $4K-$5K depending on the waveform. For long positions, any buy below $5K will be excellent. Even buys now for the HODLers will pay off very well by the end of the year. Completion of wave 5 downward from the last high of $20K will be the completion of wave 2 (blue) of one degree higher, setting up a perfect wave 3 (blue) with anticipated final fibonacci targets of $60K to $70K - corresponding to aridavidpaul predictions from earlier this year.

I am 80% on this description as the primary count. My 20% alternative count is that the final rally of wave 4 to $9K breaks through the $9K ceiling and we move upward from there.

youtube.com/watch?v=9jK-NcRmVcw

1 Jun 2018

Nota

Apparently TradingView didn't like my parentheses... here's the text again:

BTC working on wave [ 4 ] of Elliott's overall correction from previous all time high of $20K. Wave [ 4 ] (contracting triangle) will be completed by a rally to ~$9K sometime within the next 10 days. Following the rally, RSI and corresponding volume will likely be 'reset' to higher levels for a bearish and final wave [ 5 ] - to be completed sometime in early July. Fibonacci puts final wave [ 5 ] at a target of ~$4300. Classical TA puts final low at $3900 and hyperwaves suggest a low of $4.8 to $5K. Since Elliott wave [ 3 ] contained an extension, it is unlikely (although not impossible) that wave [ 5 ] will have an extension - Elliott targets could be anywhere between $4K-$5K depending on the waveform. For long positions, any buy below $5K will be excellent. Even buys now for the HODLers will pay off very well by the end of the year. Completion of wave [ 5 ] downward from the last high of $20K will be the completion of wave 2 (blue) of one degree higher, setting up a perfect wave 3 (blue) with anticipated final fibonacci targets of $60K to $70K - corresponding to aridavidpaul predictions from earlier this year.