Just to be clear here... I`m not Nostradamus or even Buffet! this is one of my ideas and what I believe will happen in this chart, I have multiple strategies and I`m prepared for different scenarios, even for bitcoin to get out of bear market and run up...
In this idea if my wave counting is correct and wave A had correction around 70% (why I say around? -because the price/percentage wary from exchange to exchange!), so I expect wave C to be at least around same percentage or lower.
For who is interested I will give my thoughts on possible bottom targets in descending order for 2018-2019, not sure if will be September or December or 2019! and may still have bull runs:
$4000 - Psychological threshold...
$3750 - Fibonacci level that is similar as correction 2014-2015.
$3400 - At least 70% correction of my wave count.
$3000 - This is a nice one, it may be the possibility that we have 2 big fractals... and if you divide 19.8k(all time high) to our first crushing correction $5950(February, we have aproximative factor of 3.30. So I divided $9970 to 3.30 and got aproximative $3000, it even sounds right: 20k to 6k ->10k to 3k.
$1830 - This target is the major number/level that can be seen from all market intervals and represents the first major correction on Bitmex charts for bitcoin perpetual contracts.
$975 - Is the absolute bottom, means a full 95% correction :( I do not believe in this one but hey everything is possible...
Now... I still cannot predict the approximate time when we are going to have our absolute bottom and in this idea you can see that I`m expecting a crushing correction that might be the final one or maybe not... but should be in September and same as the one from February, and even if i`m right this is not financial advice and you should trade your ideas not others as in 90% of the charts you will see approximate targets and the other 10% will be wrong which for example have targets like: target $0.99, nobody can predict 100% sure!
I tried to make a time and price prediction combining all my thoughts over longer time frame, again is just an idea! might not happen!
Thank you and good luck
You should make your own plans and ideas, I have multiple plans and always watching the market as keeps changing, if you can not keep up then is better to stay out before you get enough confidence and can make your own investment without advice and without emotions.
For example here is an other plan that I have, showing how market can turn around, and then turn around again... and so on... is animated of course but still has my analyze with targets that I believe will most likely happen next days, weeks:
I had a lot time past days to look at bitcoin and there is a very big possibility that market will reverse around $5200 area and go to $10000 then back down.
It should happen in a relative short time, around a month or so.
I don`t have a perfect drawing but might be something like this:
I think it will cool off somewhere, we will see... Good luck to you too.