Bitcoin, BTC/USD

This view sees a higher order at play. It sees this new instrument as being more urgent than the average established instrument.
It may be premature to observe that Bitcoin would appear to be carving out an appreciable price movement for Primary wave [3]. But now the test is a dip to Minor 4 and then a Minor 5 is due.

Bitcoin BTC/USD BitFinex (updated)

 Update 17th Jan 2020:

The turn into Intermediate wave (3) came on the 18th Dec, just the day after my previous post (see that post below). The creation of a lower low at that turning point also gave a 5-3-5 pattern for Intermediate wave (2). Since then  Minor wave 1 has so far achieved partial completion into Minute wave [iv] which can now see the turn up into Minute [v] for the completion of Minor 1 with a typical target of [v]=[i]. After that the Minor wave 2 corrective has a typical target of [iv].

From 17th Dec 2019:

This daily chart for BTC/USD sees the near term prospect of the turn into Intermediate wave (3) of Primary wave [3]. 

Wave Table:

BTC/USD, Bitcoin (Bitfinex)

Daily Elliott chart for Bitcoin appears to engage with the commence of Intermediate wave (3) of Primary wave [3]. Any lower low will carry (2) with it.

 

Wave Labels:

Bitcoin. BTC/USD. Bitfinex (updated)

From 26th April:

Pattern analysis. Divergence. Bitcoin. BTC/USD. Bitfinex.

Negative divergence into the next leg of the correction.

Update: 3rd May 
The lingering distrust of this baseless commodity has given way to a mini bout of fragile enthusiasm. Whilst the pattern post [2] retains the ability to deceive, it leans towards an impulsive structure. The divergent array is akin to a fanfare that heralds an arrival. That would be (2).