Calling top of five of wave (v) for Bitcoin

21 Kas 2017

Bitcoin drop below $8000 mark after new candle day, it may indicate $8000 become a strong resistance. While others call Bitcoin beyond $10k, as a trader I think if it need to go up to $10k above, it means at least price need to well above $8k. Now price is twice as much as 200MA. Elliott best wave count interpretation shows it’s quiet clear there’s a higher chance it’s top of wave (v).Since wave (iii) is extensive, wave (v) extensive is less likely. As long as ATH maintain, wave (v) is likely finished.

22 Kas 2017

Not

Using arithmetic chart