BTC Prediction: $5500 to $6000 THIS Month (Oct '17)

4 ต.ค. 2017

So, this is my chart showing Elliot impulse waves and the A-B-C corrections.

Pink is the master wave with the blue marking the inner waves. We're currently on wave 3 of the pink wave, wave 2 (correction) of the blue wave.

Wave 3 of the blue wave I'm predicting will take us beyond $4500 which was rejected earlier this week and on to a new all time high within weeks.

12 ต.ค. 2017

บันทึก

So far so good. Wave 3 almost complete and has reached $5400 already but it feels like this bull run isn't quite done.

I expect about a $400 Correction for wave 4 - it just depends how long this wave 3 goes for - we may see high $5's or even close to 6k.

19 ต.ค. 2017

บันทึก

As of today it looks like the ABC correction for wave 4 has pulled up a little a little early at around the $5100 mark.

This makes sense with the pending fork and the grab for free coins. Which ultimately means we're now on wave 5 and back to heading up for a new ATH which also will come up earlier on the trendline than what is indicate unless BTCUSD takes a dip/reversal here (currently at $5650 when this update was typed) but I find that hard to see in this bull market.

The big concerns are for the ABC correction coming at the completion of wave 5. Wave 5 was originally marked for completion in early to mid Nov however it seems now that the fork is bringing that forward and I expect the large ABC correction to now commence post fork late October (after 25th).

Position yourselves carefully here. This ABC correction will be steep and harsh and there will be blood as it takes prices down to low 4K's which was originally marked at around $4400 but has now been brought forward and down on the trendline making it more like 4K - 4.2k.

Buy the bottom, sell the top if you can and protect any margin positions you have open in the coming period.