Elliott Wave Counts: Bitcoin Going to $0!!!

BITFINEX:BTCUSD   Bitcoin / Dolar
The chart is a bit of a mess due to the number of fibonacci extension lines. Take note that my primary count is that Bitcoin             will go down. This has a fundamental bias as I have been advocating that it has turned into a dangerous hype, a mania. Look, it doesn't matter if Bitcoin             really does serve a function or not, mania doesn't bother itself with it.

However, a good Elliott Waver always have an alternate count and that is where the light purple line show. I will be validated on the primary count when Bitcoin             breaks new low and invalidated (i.e. activate the alternate count) when the recent high is breached. For now, the bet is to short Bitcoin             (or since it can't be shorted, sell off the holdings).
Komen: I would like to mention a very crucial information here: that wave (1) for alternate count (or wave (4) for primary count) unfolds in 5 waves and thus alternate count is actually a very valid count. However, it doesn't change the short term outlook that Bitcoin is projected to fall until $6219. I will update as prices unfolds.
please delete this non sense idea
sngyuchao danielmuliawan
@danielmuliawan, haha... Time will tell whether it have sense or not. I think I'll keep it. I can't be 100% on all ideas and I prefer to keep my wrong ones also as a record. Good luck!
You have no idea what your talking about!
sngyuchao CryptoBuzzAnalyst
@CryptoBuzzAnalyst, thanks for the comment! Haha... But note this, I am a chartist and I draw information from what the price pattern tells me (although this time I did add a macro bias to it). No matter whether Bitcoin is gonna survive or not, the short-term view is that it will fall from this $9000 price.

Good luck to you too! :)
@sngyuchao, You have no idea what your talking about!
sngyuchao CryptoBuzzAnalyst
@CryptoBuzzAnalyst, hmm... you have no idea what I'm talking about actually I'm afraid. But doesn't matter. That's why the market always have both buyers and sellers. :)
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