RE: Bitcoin (BTC/USD) Elliott Wave Analysis - Uptrend Continuation or a Lower Low? (Target 3000$)

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Bitcoin (BTC/USD) Elliott Wave Analysis - Uptrend Continuation or a Lower Low? (Target 3000$)

in bitcoin •  6 years ago 

Good post! I like the second chart better.

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Thank you for your feedback Haejin Lee, highly appreciated :) We will see what happens in the following days, but I like the second chart better also.

On the topic of the post, do you think the price of Bitcoin is heading further up before another low, or was this it?

My primary count still calls for a test of $5,200. I don't think the bull cycle is initaited yet. IF we clear $8,700 or so; then yes, but until then, my primary call stands.