My current analysis is still at an the early stage of development, however further to my previous bull/bear counter-factual analyses I'm happy to proffer with high confidence the following:
Observations:
* Invalidation of the bearish scenario (~$2400 target) by base channel failure
* Failure of the deceleration channel in play since December 2017
* Formation of a new high-degree base channel qualified by a 78.6% retraced move between 15th Dec '18 to 29th Jan '19
* Formation of a new acceleration channel on 2nd Apr '19 (price left the highest degree base channel)
* Price further accelerated on 8th May '19 marking the start of a parabolic advance (price now has a +ve acceleration delta *aka* acceleration-of-acceleration)
Conclusions:
* The 2018 "bear market" is over
* Price is currently accelerating as part of a wave 3 move (high-acceleration accompanied by high-volume)
* Long-term (6m+) entry opportunity any time now (not trading advice)
Key:
* Key dates marked as grey-dashed lines
* 10+ nested base channels at smaller degrees (shown as spots)
* Significant base channels shown in Blue
* Incomplete acceleration channels shown as solid-Green lines
Observations:
* Invalidation of the bearish scenario (~$2400 target) by base channel failure
* Failure of the deceleration channel in play since December 2017
* Formation of a new high-degree base channel qualified by a 78.6% retraced move between 15th Dec '18 to 29th Jan '19
* Formation of a new acceleration channel on 2nd Apr '19 (price left the highest degree base channel)
* Price further accelerated on 8th May '19 marking the start of a parabolic advance (price now has a +ve acceleration delta *aka* acceleration-of-acceleration)
Conclusions:
* The 2018 "bear market" is over
* Price is currently accelerating as part of a wave 3 move (high-acceleration accompanied by high-volume)
* Long-term (6m+) entry opportunity any time now (not trading advice)
Key:
* Key dates marked as grey-dashed lines
* 10+ nested base channels at smaller degrees (shown as spots)
* Significant base channels shown in Blue
* Incomplete acceleration channels shown as solid-Green lines