$BTCUSD $BTC #Bitcoin Monthly Elliott Wave Count Log Scale
After each primary 5 count at the end of cycle wave I and cycle wave III, there has been a huge 80%+ crash in price, which is down to ~14.6% fib or a 85.4% decline.
.146 is derived as 144/987
Based on the fib extension of cycle I, cycle III overshot slightly the 1109% fib extension (987/89).
Hope I have this right, we appear to be in primary wave 4 correction within cycle wave 5 so there should be one big primary wave 5 push up left before we get the 80%+ massive crash wave.
Cycle wave I, primary 4 was a 3 months pullback followed by a 4 month rally to complete primary 5.
Cycle wave III, primary 4 was a 1 months pullback followed by a 5 month rally to complete primary 5.
So by symmetry we can expect our present Cycle wave 5 primary 4 pullback to last 1-3 months with a 4-5 month rally to complete wave 5.
Not sure how fast we can climb in 4-5 months, pick your favorite fib.
423.6%=82812
685.4%=133898
1109%=216558
.146 is derived as 144/987
Based on the fib extension of cycle I, cycle III overshot slightly the 1109% fib extension (987/89).
Hope I have this right, we appear to be in primary wave 4 correction within cycle wave 5 so there should be one big primary wave 5 push up left before we get the 80%+ massive crash wave.
Cycle wave I, primary 4 was a 3 months pullback followed by a 4 month rally to complete primary 5.
Cycle wave III, primary 4 was a 1 months pullback followed by a 5 month rally to complete primary 5.
So by symmetry we can expect our present Cycle wave 5 primary 4 pullback to last 1-3 months with a 4-5 month rally to complete wave 5.
Not sure how fast we can climb in 4-5 months, pick your favorite fib.
423.6%=82812
685.4%=133898
1109%=216558
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