BTC seems to be replicating Elliot Waves this year. Chart shows last EW 12345 duplicated and ending at $6200. Then, the ABC retrace replicated seems to end at $4150.
BUT, see the relevance of the 15th day of every 2 months, which have lead to the last two ”crashes”. Interestingly, November 15th lines up with the upcoming SegWit2x fork. In theory, people will be buying BTC until the fork, in the hopes of ”free money”. And in theory, some of those recent buyers will sell their BTC after getting the bonus. This fact may well be used by the ”Whales”, to engineer the crash just around that time.
Getting back to duplicated EW waves, it seems the wave V ended too soon. I probably should just adjusted the slope (time) of the waves, but the amplitudes (prices) seem to match quite nicely. So the only question in my chart is: What will BTC do from now (just after $6.2k peak) and until the start of the crash (which I don’t think will have before the fork).
Let’s see how this plays out!