So Bitcoin has finally flipped from bearish in April to bullish in May 25.
As per Elliott Wave theory, it has been printing a clear Wave 1 from the bottom below (aprox. @$74.500).
At the time of this post, btc is @ the impressive price of $102.289.
I has clearly made a subwave 1, 2, 3, 4 and its on its way of finishing up subwave 5.
Thing is... this looks as a non stop movement for the time being.
That´s how BULLISH everyone hast turned.
My projection is that the whole swing should finally end somewhere between $104.600 - $105.300 (even if it could push a bit higher, such as $106.200 or so). Yes, it could go even further and then $107k, 109 and 110 would be open. But it seems fare reaching.
I rather stick to the former:
Wave 1 would end at around $104.600 - $105.300, and Wave 2 correction could take us somewhere between $93.500 and $88.750 (give or take).
It´s game! Let´s see how this finally plays out...
Bias: BULLISH
As per Elliott Wave theory, it has been printing a clear Wave 1 from the bottom below (aprox. @$74.500).
At the time of this post, btc is @ the impressive price of $102.289.
I has clearly made a subwave 1, 2, 3, 4 and its on its way of finishing up subwave 5.
Thing is... this looks as a non stop movement for the time being.
That´s how BULLISH everyone hast turned.
My projection is that the whole swing should finally end somewhere between $104.600 - $105.300 (even if it could push a bit higher, such as $106.200 or so). Yes, it could go even further and then $107k, 109 and 110 would be open. But it seems fare reaching.
I rather stick to the former:
Wave 1 would end at around $104.600 - $105.300, and Wave 2 correction could take us somewhere between $93.500 and $88.750 (give or take).
It´s game! Let´s see how this finally plays out...
Bias: BULLISH
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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.