BitcoinLong
A NEWBIES BTCUSD PROJECTION BASED ON ELLIOT WAVE COUNTS.
Weekly chart shows the momentum is angling for the wave 5 and the current high of 73k will be breached followed by pullback as prices sweep the liquidity in a corrective A-B-C pattern.
With respect to the bull anticipation for new highs, the next elliot wave will form quicker than the currently ending one. Price will once again breach the 73k and make support of it as impulse wave 1 takes off. The bull run proper shall ensue when the 70k lows are swept by a retracing wave 2, giving way for the pump of all time.
With respect to the bull anticipation for new highs, the next elliot wave will form quicker than the currently ending one. Price will once again breach the 73k and make support of it as impulse wave 1 takes off. The bull run proper shall ensue when the 70k lows are swept by a retracing wave 2, giving way for the pump of all time.
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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.