SUMMARY
For my primary count, I've updated the Elliott Waves and triangle lines with labels. I'm of the camp that higher highs still should come.
Thoug would not be suprised by below alternate of an expanded flat as shown below. This alternate has already been discussed before and it means that the full five waves are in and a healthy correction would ensue.NOT a crash, but a healthy correction.
Forward discernment is also projecting the below potential of a H&S pattern and I've laid out how and where the horizontal supports lines can come into play with forming the Right Shoulder and Neck Line and the Minimum Price Travel.
Bitcoin Cash (BCH) should have one more higher high to complete the wave (3) but technically, once can count a full set of impulse already. Either way, a healthy correctionl.
The video contains the rationale and charts as to why I don't think a Bitcoin (BTC) crash is likely!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**