This prediction for 10k can also be supported by Theory. Bitcoin's price structure currently follows the sequence and fulfills the requirements which make it valid.
- (2) cannot retrace past the start of (1)
- (3) cannot be the shortest wave in a completed 5 wave sequence
- (4) cannot retrace into (1)
Furthermore; Theory dictates that following the completion of 5 waves, an (A, B, C) correction will take place before the new up-trend begins. This correction would complete over the duration of our next 235 day cycle.
Refer to an idea I posted at STIA earlier this year, predicting 10k and covering 235 day cycle: https://www.tradingview.com/chart/BCHAIN/MKPRU/kyli3ofR-BITCOIN-10K-ON-OCTOBER-9/
Refer to Lowstrife's 235 day cycle idea for more info on that: https://www.tradingview.com/chart/BCHAIN/MKPRU/nvcHNfKD-The-235-Day-Cycle-somehow-is-Still-Not-Dead/