Bitcoin's Bottom being in using Elliott waves @MelvinsMoves
I am using Elliotg waves to provide I feel strong evidence to show the bottom being in!
1. look at the covid drop that being a wave 1 wave and wave 2 being the actual drop going down to the .854 which is one of the possible levels a wave 2 can retrace to
2.the 64k top was top of wave 3 and 69k top was apart of irregular/ Expanded Flats and it going to the 1.618 of leg A ( 64k top down to bottom of the summer in 2021 (28k)
3. wave 4 using fib retracement point 1 being bottom of wave 2 and point 2 being the top of wave 3 ... wave 4 should not go past the 50% or .5 and not only did we get close to it but we are currently back above it ( as of right now but even going back below it I do think the bottom is in)
Ps .... If by chance it is not in i would. then assume that the 50%/ 0.5 on the fib would be the bottom that being at about 15.9k
BTCUSD
BLX
1. look at the covid drop that being a wave 1 wave and wave 2 being the actual drop going down to the .854 which is one of the possible levels a wave 2 can retrace to
2.the 64k top was top of wave 3 and 69k top was apart of irregular/ Expanded Flats and it going to the 1.618 of leg A ( 64k top down to bottom of the summer in 2021 (28k)
3. wave 4 using fib retracement point 1 being bottom of wave 2 and point 2 being the top of wave 3 ... wave 4 should not go past the 50% or .5 and not only did we get close to it but we are currently back above it ( as of right now but even going back below it I do think the bottom is in)
Ps .... If by chance it is not in i would. then assume that the 50%/ 0.5 on the fib would be the bottom that being at about 15.9k
BTCUSD
BLX
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