If Bitcoin Crashes Again, Will it Change My 2020 Prediction for Bitcoin?




If bitcoin crashes again, will it change my 2020 prediction for bitcoin? What needs to happen on Bitcoin to continue the bullish outlook? We look at the charts. #Bitcoin #BTC #AlessioRastani

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33 Comments

  1. I've been playing around with the settings on the new LT Elliot Wave Theory Indicator on Bitcoin and I can't work out how to get the indicator to show the waves as you've described in this video. It insists that we are currently in a downwards probable wave 3, not wave 2. How do I get it to reflect your current thinking?

  2. Thank you Alessio!
    I know that if your call is incorrect, people will never let you hear the end of it.
    However, your analysis is greatly appreciated by anyone with an ounce of logic!

  3. we are in ABC correction but not just in this short term you show us in the video. We are in a monthly ABC correction of all bitcoin history. This C wave Im talking about it has a target of 1200$

  4. I hear Alessio talking about wave 1,2,3,4,5 beginning with the 3500 level we had in the beginning of the year.

    I don’t hear him go back to the very origin of BTC back in 2008.

    If we do that, then wave 3 ended at 1600; and wave 5 at 20K, which then must trigger an ABC correction.

    If so, then wave A ended at 3500; wave B ended at 14K; and now, we are in wave C; which will take us back to the top of wave 3 (1.6k).

    Of course, wave C may just end at 5500, especially that we are only 6 months way from halvening.

    If BTC reaches 9400 and keeps going to 12k, then the bull is back!

    On the other hand, if BTC reaches 9400 and then begins its descent below 100 EMA, then we can expect 6300 next.

    If we breach 6300, then the next level is 3400 and 1600 after that.

    Since wave 5 ended at 20k after a period of 7 years, then I expect the correction to be significant – all the way down to 1600.

    When we reach that, we will begin another 1,2,3,4,5 bull run, for the next 5 to 7 years, with wave 1 ending at 100k, wave 3 ending at 1MM and wave 5 at 5MM…

  5. Wow another amazing super great video info and analysis from absolutely the best channel on utube. how can can anyone listen to someone who can't keep his car from being stolen. thank you and keep up the good work

  6. I think without LN adoption on at least one more major exchange we may break 5k, and without ATACMODE we may break below 2k in the longer term if these two adoptions do not proceed although their adoptions are looking more likely so your probably right!

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