BTC Roadmap (bigger picture)
Updated
On the monthly scale the Elliotte Wave count looks like this:
Note the length of the correction in 2014 vs 2018. If 2018 is a repeat of 2014, then we should reach the end anytime soon, however since the prior super Wave 3 was much longer then any of the previous super Waves and much bigger and longer correction could possibly be due.
On the weekly scale the Wave count looks like this:
This put us in Wave C. According to the theory, Wave C is usually longer than Wave A.
On the daily scale we have to possible outcomes:
* PS: Not advice. I'm still learning. Please let me know if you think I missed or overlooked anything important that could change the picture.
Note the length of the correction in 2014 vs 2018. If 2018 is a repeat of 2014, then we should reach the end anytime soon, however since the prior super Wave 3 was much longer then any of the previous super Waves and much bigger and longer correction could possibly be due.
On the weekly scale the Wave count looks like this:
This put us in Wave C. According to the theory, Wave C is usually longer than Wave A.
On the daily scale we have to possible outcomes:
- Either sharply go up from here to meet the target then sometime later down again when traders take profit.
- OR go sharply down and start Wave 5 (of bigger Wave C).
* PS: Not advice. I'm still learning. Please let me know if you think I missed or overlooked anything important that could change the picture.
Note
I think my previous super wave count is off because I did not take into consideration the data before 2012. This changes the picture a bit.Note
My updated wave count also gives the current wave more space to move side-ways.
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