As usual we will have a bunch of triangles which will advice us which wave count is more probable. There are a lot of bull & bear counts now. Probably going 70% into fiat at 9200-10300 range is not so bad idea.
Probably ((4)) is in. But no one could be sure. (4) lower degree is at 3K. So after rebound (which could be either wave (1) of ((5)) or just wave (B) of ((4))) there always will be two possibilities: a) Drop to 3K (probably with whole stock market in global crisis) and then slowly growing to 100K (probably after 2022) b) grow to 100K without dropping to 3K. This...
1. Bounce from lower downchannel trendline on volume 2. ABC correction with C wave consisting of 5 waves 3. At 0.145 fibo of wave 3 of (5) of ((3)) 4. At 0.382 fibo of whole wave ((3)) so far We either start wave 5 of (5) of ((3)) immediately, or we should treat wave ((3)) finished at 19K and wave ((4)) is in progress which could take us as low as wave (4) at...
Could you imagine BTCUSD to $5K while ETHBTC to 0.4 and therefore ETHUSD to $2K ? Will ETH be 1st in coinmarketcap in this case? Long live the king, but I have 50/50 BTC/ETH in my portfolio guys :)
Just in case that flash crash was fasty cycle (II) wave I could imagine at least 25x from $3 bottom into $75 wave (III) Cheers!
Could you imagine 3000 in couple of months? I can.
Assume ((III)) could correct to its 0.23 FIBO. This was observed in 2013 hype, it could be observed again. So, FOMO could pump it to ~ 25K usd, after that at least half year correction to ~ 6K wave ((IV)) Alternatively, something like 50K->13K->300K if CME manages to pump to 50K. I sold at 10K.
There could be one more fly for bch before becoming II-wave trash (with bitcoin itself struggling in IV). Some korean amplification is required, though
I'm running out of imagination charting all those extending waves. BTCUSD is like S&P now. Always in wave (3) of some degree:) Sold 75% of my btc for now, but still sitting in some alts. Not sure they will stand the great fall though. Probably USD is better for now.
I look closely at several EWA analytics on this site guessing the top of bitcoin this year. And it fooled every of them;)