Following Elliott Wave rules while using both Japanese Candlesticks and the Relative Strength Index, we are able to calculate Bitcoin’s anticipated wave position. While the last huge drop to $3.9K shocked many, few were prepared to capture this ‘swing-low’ opportunity. Swing lows generally lead to new Elliot Wave structure. From $3.9K, we’ve waved ourselves up to
13K - a $9-$10K push. We’ve even broken the historical trend line near $10K but —— it’s never been rechecked. The idea that all trend breakouts must be eventually retested + my Elliott Wave markups has me quite confident that sub $10K prices are in our near future. I’m thinking $9.8K to $17K :) What’s your prediction?
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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.