Bitcoin in bullish motive supercycle I of grandsupercycle III

16 May 2020

After I do re-counting , I find this bitcoin is already in bullish movement . Bitcoin just start making a supercycle wave I of grandsupercycle III.
As usual, wave I is motive wave and it contain 12345 subwaves. However, we must entry buy when price down on re-test area ( fibonacci extension 61.8% )

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DISCLAIMERS :
* My EW labelling perhaps different with other EW traders.
** This analysis however is subject to change anytime ( with or without notice by me ).
*** Every result trade of you, I am not gonna responsible for it. I just sharing this analysis for learning purpose only, especially for people who really want to know about Elliot Wave technique.

16 May 2020

Not

If use fibonacci extension, as you can see, I predicting final point of wave V of supercycle (I) is 12180.8,...but, because.. usually wave 5 is more shorter than wave 3 also 1, that is why I measure again use pitchfork and I get that 11222.6, it can be as final point of wave V of supercycle (I).

So please note, once again that final point of wave V of supercycle (I) , it can be 12180.8 or 11222.6

Thank you for your attention