Bitcoin (BTC) Analysis
SUMMARY
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The below charts show the Top Alternate count and the Second Alternate count for Bitcoin using Elliott Waves. These were posted on BitcoinLive this morning to subscribed members. The Primary Count is also shared so please come checkout BitcoinLive!
The Top Alternate is calling for the bottom of this correction actually completed in late June as shown by the position of the Z wave. This means that green 1 and 2 are complete and most likely green 3 up is next.
The Second Alternate shows that any rise from here is expected to be brief because price will roll over towards teh $4,700 to $5,200 target range.
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https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
I like alternate two! That would shake the tree ine more time...
Perhaps.... it’s common for the primary status to change to one of the alternates!
yes Alternate 2 will happen sooner or later price will go lower than 5400 then 3 waves up in weekly
I see you up-vote your posts, rather than up-voting those who reply to your posts...
It must go much lower to flush the crap out of the market. 2065 digital currencies must be reduced to 9. This is far from over. I apologize, this is not my wish.
I think the mania has to get much worse for the culling to happen. I think even for the next bull run, some coins won't rise due to zero use.
BTC below 6000 will collapse Tether... which will in effect pull the whole market even further down...
Yes, that's possible. But to me, there is a large difference between possible and probable.
BTC got a bit a boost as you predicted, now comes 5200, then the party begins!
I have a Primary Count which calls for $5,700 and a Top Alternate count which calls for the bottom already in on late June and a second alternate that calls for $5,200.
Looks like a Buy
God Damn Right!