THE BITCOIN WAVE NO ONE IS LOOKING AT
Updated
Hello Guys
I have been using Elliot Waves to predict everything. Whether it's a stock, Cryptocurrency or Forex pair. The Technical of the Elliot Wave principle stays the same.
So i looked at possible scenarios of why we stopped where we did. Simply explained we hit the 1.618 trend-based extension of wave 1-2, where wave 3 usually ends. It actually hit the exact Fibonacci extension.
I believe now, that we will see a pullback to 4800, where we have 0.382 Fibonacci retracement.
By looking at the 4H RSI we see bullish divergence, which reinforces the theory.
In order for all of this to be true BTC needs to keep above 3200. If it breaks that key level, it invalidates the count.
I have been using Elliot Waves to predict everything. Whether it's a stock, Cryptocurrency or Forex pair. The Technical of the Elliot Wave principle stays the same.
So i looked at possible scenarios of why we stopped where we did. Simply explained we hit the 1.618 trend-based extension of wave 1-2, where wave 3 usually ends. It actually hit the exact Fibonacci extension.
I believe now, that we will see a pullback to 4800, where we have 0.382 Fibonacci retracement.
By looking at the 4H RSI we see bullish divergence, which reinforces the theory.
In order for all of this to be true BTC needs to keep above 3200. If it breaks that key level, it invalidates the count.
Note
This dosnt have enough volumeCounted the subwaves, and the low may be at 3003 USD. where the 5th subwave is.
Note
We just had 5 subwaves going up. We might finally see the downside now. Next target 3001. Note
Bitcoin may do a last push up to 3700, for the 5th wave. 
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