Could our next Bitcoin rally take us to $100,000?
Updated
This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls for our bottom at $2,870; and our wave 3 top (if extended wave 3) would be $85,254 (4.236%, then a wave 4 should take us to the normal 38.2% at $49,800 followed by a wave 5 to either 1.0% ($72,399), 161.8% ($84,522) or 261.8% ($104,140).
Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run)
I will post a non-drawn on chart in the comments for anyone who dislikes the drawing.
Thanks.
Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run)
I will post a non-drawn on chart in the comments for anyone who dislikes the drawing.
Thanks.
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