SUMMARY
On BitcoinLive; daily Crypto updates are made available while also, on demand analysis requests are fast filled. Join us as we have now opened up monthly and quarterly subscriptions. Use this link: https://bitcoin.live?aid=110.Here is a video analysis that was just posted on Bitcoin.Live of a Primary Count Projection I had been calling since July of 2018. ...Come join us for full access!
Primary Count
The white and yellow supports levels have held up the price for 9+ months and the range of the white Z remains to be $5,200 to $4,700. This would mean that the blue support level will come in play and given that it's a larger and thus more robust support level, it should provide the breaking and stop to the capitulative decline.
Short term, price is expected to temporarily pierce the white bottom trendline for wave (3) and that should hit at around $5,200. This model projects to the $4,700 level or so.
The below fractal model remains valid. The video shows the closeups of how the price wick should and is expected to be generated. This price wick was present in the 2014/15 correction. This is a weekly chart, so from now to Sunday, it would be ideal to have price action decline towards the $4,700 but rise back quickly and ferociously. We've seen how violently Bitcoin price can move up....only last year, BTC price climbed from $819 to $20,000. Never underestimate the vigor of Bitcoin.
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