With what started as a questionable move in the current fractal has finally given enough hints for me to come up with what I believe is a solid prediction. Starting from $15K, BItcoin printed an impulsive Wave 1, a flat correction for Wave 2, an impulsive Wave 3, a zig-zag for Wave 4 and we're not sitting in Wave 5.
Though not always, when Wave 4 is a zig-zag, Wave 5 is generally a diagonal wave. Predicting a diagonal wave to come right now is a bit premature, but lets error on the side of the general guidelines. I will update this idea should the need arise.
Though not always, when Wave 4 is a zig-zag, Wave 5 is generally a diagonal wave. Predicting a diagonal wave to come right now is a bit premature, but lets error on the side of the general guidelines. I will update this idea should the need arise.
Note
Fib and form suggest that a return to $60K is likely.Note
$130K may have been a little too wild. Let's go with $115K-$120Kish.
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
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.