Bitcoin Bear Market will Continue into March

28 Kas 2018

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.