Barring any wave subdivisions, there are now a sufficient count of waves to suggest the first Primary a-wave of the crash is over. The a-wave decline from 06-JAN-2018 ought to be retraced by a b-wave bounce retracing up to 38.2% (11510) to 50% (12606) with the average being at 12058. Elliott Wave Principle: Key to Market Behavior, Robert Prechter: "b-waves — b-waves are phonies. They are sucker plays, bull traps, speculators' paradise, orgies of oddlotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often 'unconfirmed' by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by c-wave. If the analyst can easily say to himself, 'there is something wrong with this market', chances are it's a b-wave." Speculative and idealised Elliott Wave models indicative of probable price and structure, not timing as follows:
Possible, but we are SURE about that crash from +19K till today. All the rest is guessing and wishful thinking. 99% of all wallets are smaller then 10 bitcoins...that tells the real story.