Today Bitcoin hit 4,080 which is 114.6% extension o the first leg up topped on 8 February 2019. I count that a-b-c move up off the low reached by a corrective wave ( b ) down on 6 February 2019 as wave i up of the wave ( c ) of ( i ) up. That wave ( c ) of ( i ) up should be subdivided into five waves of a smaller degree. Bitcoin has either completed or may make one more high at 4,120 to complete wave i up. Then we should get a corrective wave ii down. That pullback may be pretty deep targeting breakout point at 3,600. That is why I sold my position on Tuesday and will be waiting for a pullback to reload. That pullback may get 2 – 4 weeks. So stay tuned and be patient.

I do not know about you but even myself is pretty much impressed with accuracy of my calls on Bitcoin for the last several months. If you have followed me you know I am not a person who brags about profits. I put together those old charts to show you why I am thoroughly convinced that Harmonic Elliott Wave is the most efficient tool for trader nowadays. What makes its special is not only its efficiency but also simplicity. Personally I have never seen any analyst who could predict every major turn over the span of several months. And that does not mean that I am special. That speaks for the efficiency of the technique I use…

If you start learning that method today you most likely will not be able to make such accurate predictions in two or three months. But if you keep learning and practicing it you will see major improvements in your trading results in 5 – 6 months. I can only say that I wish I found that method and somebody who could teach it in plain English ten years ago…