WaveNerd

Bitcoin - how high can it go

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BITMEX:XBTUSD.P   Bitcoin
The bullish scenario played out as expected. I am keeping my eye on this potential wave count:-).
Komen:
expecting the 3rd wave (yellow III) to complete at 13.4 (or possibly 13.2). keeping my eye open for a flat correction or maybe a triangle for a 4th wave. wave 4 should last quite some time - but not terribly deep.
Reply Edit
Komen:
it looks as if the 5 waves are in. We could have a bigger correction down to 11.2 K in a zig zag. Lets see
Komen:
If its not finished we get only a small correction to around 12.7 and then up again
Komen:
I have updated my bigger wave count and targets, see this
Komen:
the current 5 wave move from 9.8 K could be very near finished (around 13.7 K is possible reversal area
Komen:
it is also possible that it is only wave 3 we are about to finish
Komen:
picture becomes clearer as the waves unfold- almost crystal-clear. this 5 wave move is far from over. Wave 3 of this move has not finished. can't say about end targets yet but 15k or higher is likely. for this particular 5 wave structure. I have updated the wave count. Enjoy
Komen:
We finished the zigzag and continue up. There is a possibility that 5th wave of the 3rd could be ext all the way to 16.4 to finish the 3rd wave. We will have to see. It is also possible that the wave up to 14,1 was end of the 3rd - I do not think so however.
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