Bitcoin
Updated
Hello everyone, tonight we saw the bitcoin's fieric movement, but I assure you it is not the last; this is only the beginning of a large rally.
I decided to look at the Bitcoin chart using Elliott Wave Analysis. You can read about the Elliott Wave Theory in the link below.
But what I want to notice is a wave of 2-3 in theory is always the strongest, most impulsive, which breaks all the lines of resistance. This is what we saw now we see a potential pull back corrective wave 3-4; it should not be below the maximum wave 0-1. It should be about the same as wave 1-2.
After that the continuation of the upward movement and in June we should see 9k
link
There may be a lot of talk about the interpretation of this theory, so I will see all your thoughts in the comments
I decided to look at the Bitcoin chart using Elliott Wave Analysis. You can read about the Elliott Wave Theory in the link below.
But what I want to notice is a wave of 2-3 in theory is always the strongest, most impulsive, which breaks all the lines of resistance. This is what we saw now we see a potential pull back corrective wave 3-4; it should not be below the maximum wave 0-1. It should be about the same as wave 1-2.
After that the continuation of the upward movement and in June we should see 9k
link
There may be a lot of talk about the interpretation of this theory, so I will see all your thoughts in the comments
Trade closed: target reached
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