Bitcoin Bear Market will Continue into March
A possible Elliot Count That will put the low sometime in March or April of 2019. This bounce around 3240 was very easily predicted based on diverging RSI and the -.236 of one of the major market moves. I expect the trend to test 5600-5800 before finally finding its new low around 2600. Of course there are other valid counts, I just see this as the most likely. Yes this count means the X Wave didn't retrace the expected 80-90%, But when you look at the run up, it "has the right look" as Frost and Prechter would say.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.