As outlined on my last Bitcoin idea, based on the length of Wave 1 downward, we can now assume a rough target for Bitcoin to around $45K (to form a running flat correction) — based on Elliott Waves and Fibonacci Levels.
Prepare for big bulls to test the $90K range afterwards. We should then make a return back to the $45K after Wave 5/3 concludes. After $90K, the move back to $45K will establish long lasting support and likely be bottom for a few years, as primary Wave 5 kicks off!
Prepare for big bulls to test the $90K range afterwards. We should then make a return back to the $45K after Wave 5/3 concludes. After $90K, the move back to $45K will establish long lasting support and likely be bottom for a few years, as primary Wave 5 kicks off!
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With A Wave forming a Leading Diagonal, we can expect a deep dive for Wave B and a larger 5 Wave move for Wave C. Bulls should stay under $60K.Note
Expecting downside at $57.1 and long let lasting downside near $59.1 too.
Decode the wave, anticipate the move. elliottwavescience.com
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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.
Decode the wave, anticipate the move. elliottwavescience.com
Related publications
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.