Update from Oct 31st Chart. Elliott Wave # 5 (Target 79k-96k)
Hi, This is an update or continuation from my Oct 31st elliott wave analysis for BTC. On Oct 31st, I published that BTC was in corrective elliott wave impulse # 4 and would go down to 53k. On Nov 26, BTC has reached the lowest 53.484k. I strongly believe elliott wave # 5 is about to start soon. There might still be some fluctuation before the start of elliott wave #5. Basically my analysis remains the same. Once elliott impulse wave # 5 starts, fibronocci 100% extension will give the first price target 79K, and fibronocci 1.618 extension will give us second price target 96k. Attached below is my Oct 31st idea for comparison. So far, the price action honors elliott wave cycle so far. This is not a financial advice. The BTC price analysis is based elliott wave cycle and fibronocci extension. There could be other factors affecting the actual result. Happy holidays.
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