BITSTAMP D

2 févr. 2018

here is my cleaned up chart for the primary wave five. this is the main count from this point forward. i do not think the expanding ending diagonal is correct idea because the shape just doesn't have the right look about it

basically we can do the primary 5 impulse wave fast or slow. i have no idea. wave 5 touching the upper channel is correct from an elliott wave style channel. this channel is drawn using primary waves 2 and 4 and going thru primary 3

the 423.6% extension is similar to cycle I so i'm using it again here as a guide

2 févr. 2018

Note

the channel implies timing where the price action intersects with the extension line and the upper channel line at wave (5). (if history repeats using same 423.6% extension as cycle I)

of course, it isn't necessary to know before hand what extension the market decides to use. simply watching price action approach the upper channel line is good enough indication

(as can be seen on the chart, some time around november 25 bitcoin should be at 90K is my best guess using the same cycle I extension)