2018 Crypto Crash (Elliott Wave): Fare Thee Well Ten Thousand?
Should the Elliott Wave projection continue as anticipated, then there is a strong possibility that the high of 9990 (Bitfinex) set on 12-MAR-2018 is of quite significance in the following regard:
i. 9990 is just 46 points shy from 9946 which represents the 50% Fibonnaci retracement of the entire Bitcoin -4.48% market. Either side of this key level currently defines 'bull vs bear' territory.
ii. Should 9990 present the top of a significant wave, it would suggest Bitcoin -4.48% will now never revisit the psychological 10,000 level.
Elliott Wave speculative model, indicative of price and structure, not time:
BTC (4-hr): i.imgur.com/qF8xxc4.png
BTC (Weekly): i.imgur.com/uAYxiXY.png
BTC (Daily): i.imgur.com/PPkxRD9.png
Should the Elliott Wave projection continue as anticipated, then there is a strong possibility that the high of 9990 (Bitfinex) set on 12-MAR-2018 is of quite significance in the following regard:
i. 9990 is just 46 points shy from 9946 which represents the 50% Fibonnaci retracement of the entire Bitcoin -4.48% market. Either side of this key level currently defines 'bull vs bear' territory.
ii. Should 9990 present the top of a significant wave, it would suggest Bitcoin -4.48% will now never revisit the psychological 10,000 level.
Elliott Wave speculative model, indicative of price and structure, not time:
BTC (4-hr): i.imgur.com/qF8xxc4.png
BTC (Weekly): i.imgur.com/uAYxiXY.png
BTC (Daily): i.imgur.com/PPkxRD9.png