Hello,
I share my analysis on the projection of the price of bitcoin in the long run, using Waves of Elliot.
We are currently on the wave d-e of the corrective phase. I estimate that we are going to spend three to four months on the descending triangle until we complete the wave pattern, and then, in the last quarter of 2018, we begin our impulse phase again.
During these three to four months we could be moving between $ 6500 and $ 8500 dollars per bitcoin.
Note: This is a personal opinion and is not an investment advice.
Always remember to invest, in this type of speculative markets, only that capital that you are willing to lose.
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