BitcoinLong
BTC USD new idea. Elliott wave. Bull run coming?
Updated
Made a fresh chart. Thinking will have bull run up to 7800-7900 as a part of wave 5 of diagonal triangle wave pattern. It aligns with top of Ichimoku cloud and trending line of the triangle, pivot is showing a buy signal at the moment. Then pull back to around 4.5k - 5k. And that would be the bottom.
Another possible case, we might not hit that trend line from triangle, because of low volume and overbought stochastic, but go straight to around 5k and then have the ultimate bull run.
Not an advice to anyone. I've been wrong many times before.
Another possible case, we might not hit that trend line from triangle, because of low volume and overbought stochastic, but go straight to around 5k and then have the ultimate bull run.
Not an advice to anyone. I've been wrong many times before.
Note
Looking at the chart, I thought we might as well hit 5800 again, the trend line, then go up to 7400, then ultimate bottom at around 5k and then back up.Note
Which I personally think will not happen and we will go to 7.8-7.9k. Right now we are testing the top of the side channel (on my previous chart). If we breach 6.2k, then we might go down. Otherwise up to 7.8-7.9k.Note
New thought: correction to around 6160, then bull run to 7.4-7.8k?
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