BItcoin Analysis
Daily bitcoin Timeframe analysis from 2018
*** By examining the 5 Elliott waves formed since December 2018. Here are some points about the chart and analysis:
First point: the first wave started on December 14, 2018 and ended on July 25, 2019 and grew by 344%.
Second point: Wave 3 full of momentum and potential started from March 14, 2020 and continued until April 15, 2021 and has grown by 1634%.
Third point: the third wave has grown 4.75 times more than the first wave.
Tip 4: Draw a line from wave 2 to 4 and draw two parallel lines parallel to it from the end point of wave 1 and then 3, and continue the motion wave 5 with these two lines. The end of wave 5 is obtained
Tip 5: According to the above points. The forecast time of the final time and numerical target is the fifth wave as follows: the time target is forecast for the second half of May 2020 and the numerical target is around 370,000. The middle resistances of 65219, 70863 and 102955 are the most important resistances facing Bitcoin.
***Dr. Behroozi
October 27, 2021
*** By examining the 5 Elliott waves formed since December 2018. Here are some points about the chart and analysis:
First point: the first wave started on December 14, 2018 and ended on July 25, 2019 and grew by 344%.
Second point: Wave 3 full of momentum and potential started from March 14, 2020 and continued until April 15, 2021 and has grown by 1634%.
Third point: the third wave has grown 4.75 times more than the first wave.
Tip 4: Draw a line from wave 2 to 4 and draw two parallel lines parallel to it from the end point of wave 1 and then 3, and continue the motion wave 5 with these two lines. The end of wave 5 is obtained
Tip 5: According to the above points. The forecast time of the final time and numerical target is the fifth wave as follows: the time target is forecast for the second half of May 2020 and the numerical target is around 370,000. The middle resistances of 65219, 70863 and 102955 are the most important resistances facing Bitcoin.
***Dr. Behroozi
October 27, 2021
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