BTCUSD
Bitcoin started a New Bull Market on December 2018, after a year long Bear Market. In Elliott Wave Terms, it had already traced Primary Wave 1, Primary Wave 2, Primary Wave 3, Primary Wave 4, and it is currently tracing Primary Wave 5.
Within Primary Wave 5, it had already traced Intermediate Wave 1, Intermediate Wave 2, which is a Sharp Zigzag, Intermediate Wave 3, and possible Intermediate Wave 4, which seems to be a Running Flat Pattern. Intermediate Wave 5 should follow to new all-time highs.
My price target for the end of this Bull Market will be about $100,000 USD, a price that I will expect to be reached by the end of this year, maybe a little sooner. But of course, we can go above that, and the move could extend to early January of next year. Either way, I expect one last powerful up-move in Bitcoin and in Altcoins, in the next couple of weeks, to end this Bull Market.
I hope you find this interesting and good luck to you
Comment:
Comment:
Intermediate Wave 4 completed, which turns out to be an Expanding Flat instead of a Running Flat. Intermediate Wave 5 in progress, new all-time highs coming in the new couple of weeks.
Comment:
Intermediate Wave 4 came inside Intermediate Wave 3 terrirory, pattern invalidated. We will need to relabel Primary Wave 5. Yes, we are in Primary Wave 5. We just need to count it different.