Updated

Bitcoin - how high can it go

The bullish scenario played out as expected. I am keeping my eye on this potential wave count:-).

Note

expecting the 3rd wave (yellow III) to complete at 13.4 (or possibly 13.2). keeping my eye open for a flat correction or maybe a triangle for a 4th wave. wave 4 should last quite some time - but not terribly deep.
Reply Edit

Note

it looks as if the 5 waves are in. We could have a bigger correction down to 11.2 K in a zig zag. Lets see

Note

If its not finished we get only a small correction to around 12.7 and then up again

Note

I have updated my bigger wave count and targets, see this

Note

the current 5 wave move from 9.8 K could be very near finished (around 13.7 K is possible reversal area

Note

it is also possible that it is only wave 3 we are about to finish

Note

picture becomes clearer as the waves unfold- almost crystal-clear. this 5 wave move is far from over. Wave 3 of this move has not finished. can't say about end targets yet but 15k or higher is likely. for this particular 5 wave structure. I have updated the wave count. Enjoy

Note

We finished the zigzag and continue up. There is a possibility that 5th wave of the 3rd could be ext all the way to 16.4 to finish the 3rd wave. We will have to see. It is also possible that the wave up to 14,1 was end of the 3rd - I do not think so however.

WaveNerd

Related publications

Bitcoin - the bullish scenario

by WaveNerd

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.