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Bitcoin Triple Combination finale targeting $5500 feb 2020

Oleh KondrackiKarl
Diupdate
The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale

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Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
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Channel was moved by mistake

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Thinking we might see a triangle here before the last big move down which I think will be more drawn out compared to the rest of the correction

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Estimating a relief bounce to 7640
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Thinking we need to scrap along bottom of channel before bounce
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Target reached.
Looked at my fib retracement again I should of estimated $7662 but close enough :)
Now I think we make that triangle before the last drop before the bull market

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Current Estimate

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Triangle Estimate
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Feeling my triangle estimate is too compacted
Alternate estimate

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Current Estimate
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Current Estimate
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600

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Still my current estimate
Not my normal way of placing a Gann fan
but it seem to line well so a good test for me

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Bitcoin (Cryptocurrency)BTCBTCUSDcorrectionElliott WaveFibonacciFibonacci RetracementParallel ChanneltriplecombinationwxyxzxbtXBTUSD
KondrackiKarl
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