Kappy

Bitcoin (Primary 5th) Elliott Wave Count

Kappy Atualizado   
BITSTAMP:BTCUSD   Bitcoin
It's been a while. I humbly must admit what I thought was too soon and highly unlikely a couple years to nearly 6 months ago has unfolded. There were plenty of sound reasons then to cast doubt on bitcoin's upside technically and fundamentally. Bitcoin is proving to be antifragile which I like.

It's probably too soon to label minute waves, for example wave (v), these could be subwaves at lower degree, but minimum requirements are met up to this point for the current count.
Trade fechado manualmente:
Overlap mistake above. There are still many upside possibilities. It's quite crazy because the alternate count seem to only get more and more bullish short-term. The learning here is that a bubble can truly extend. In real-time we really can't predict this. In my experience with Elliott Wave analysis, there is a bias to call a top early. It is excellent for making sure to take profits when the minimum requirements have been met but, it leaves lots of room for the fomo emotions as prices continue to go parabolic. As a long-term focused Elliott Wave investor my thoughts are to dollar-cost average to sell in the same way you accumulate. Short-term trading strategies differ in that take profit and stop loss targets should always be followed.

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