BTCUSD Elliott Wave Analysis – 16th October, 2017 by Lara | Oct 16, 2017 | Bitcoin | 4 comments Elliott wave charts of BTCUSD: FORTNIGHTLY CHART Click chart to enlarge. WEEKLY CHART Click chart to enlarge. ALTERNATE WEEKLY CHART Click chart to enlarge. All charts are on a semi-log scale. Published @ 12:17 a.m. EST. 4 Comments maria herrarte on October 16, 2017 at 2:12 pm Thank you Lara for this update. Lara on October 16, 2017 at 3:14 pm You’re welcome 🙂 maria herrarte on October 16, 2017 at 8:07 pm Lara…. after cycle V is complete, a several year correction is coming right? Lara on October 16, 2017 at 9:15 pm I expect so. Bitcoin is in a massive bubble. I expect it to burst and price to plummet. That will create a fabulous buying opportunity I think. But for now, the bubble keeps inflating. I’d use that trend line as an indicator of a trend change and a bubble burst. While price remains above that line, each time it corrects is another buying opportunity.