BTC Elliott wave count!!! 5th wave is coming. BTCUSD BTCUSDT
Updated
Hi dear community and my lovely followers. Today I'm looking at weekly timeframe and want to count Elliott wave from 2018 bear market bottom to the current price. As you see, I think the correction started from 2021 November is a wave 4, which consists of ABC corrections). At the moment BTC is going to complete 5 sub wave of C wave or it has already completed . BTW 4 wave can't go bellow wave 1/14,000$/: That's way I posted in my previous analyses that I think the recent dump was a bear trap/fake breakdown/ with double bottom formation + RSI bullish divergence. And mentioned my worst case scenario is 13.7-14K but more likely 5th wave starts from current point, coz BTC always surprises everybody and now almost 99% expect lower prices as 12-14K or even lower 8-10K like they were waiting 100K+ in November 2021))).
Besides if you check bellow related ideas, you will find more than 20 analyses which proves BTC bottomed at 17.5K in June 2022 and it was real bottom based on my TA and history data.
If you like my ideas, don't forget to follow me for further updates and ideas. I will appreciate any single follow. Thanks in advance.
Besides if you check bellow related ideas, you will find more than 20 analyses which proves BTC bottomed at 17.5K in June 2022 and it was real bottom based on my TA and history data.
If you like my ideas, don't forget to follow me for further updates and ideas. I will appreciate any single follow. Thanks in advance.
Note
My target for 5th wave is 72-73K with triple top or 110-115K blow off top based on Elliot wave theory)))) My weekly falling wedge chart pattern targets are 73K based on method 1 & 61-62K based on method 2. Also check my Bullish megaphone chart pattern target which is 85K)).
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