BitcoinLong
BTC Bullish Elliot wave count
This assumes we are on the 5th wave of the first impulse wave of a reversal (wave 1). Each move was measured for accuracy using Fibonacci based on Elliot Wave Principle measurements. Possible targets for wave 5 if this structure completes.
Wave 4 within wave 1 can retrace to appx 8200 and still remain valid. However, BTC could also bounce from this level and wave 4 would also still be viable.
Wave 4 within wave 1 can retrace to appx 8200 and still remain valid. However, BTC could also bounce from this level and wave 4 would also still be viable.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.