BTC Elliott waves prediction for next months (expanded flat)
Updated
Since 65k top in April 2021 we made a severe correction to 30k as an ABC , since then we pumped to 40k as an A then we corrected as a B and then we started a five waves up as a C.
We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle that gave us an accurate target for wave 5 of iii, now we are retracing to the 0.382 0.5 region: the low 50k (typical for a fourth wave) that is top of wave i and bottom of the upper range based on VPVR
Then we will pump to the 75k region (wave v is 0.618 of wave i+iii)
After that we will retrace to 45 35k (hard to tell where it will stop) to end macro wave 4 as an expanded flat and then start wave 5.
We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle that gave us an accurate target for wave 5 of iii, now we are retracing to the 0.382 0.5 region: the low 50k (typical for a fourth wave) that is top of wave i and bottom of the upper range based on VPVR
Then we will pump to the 75k region (wave v is 0.618 of wave i+iii)
After that we will retrace to 45 35k (hard to tell where it will stop) to end macro wave 4 as an expanded flat and then start wave 5.
Note
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