marananjohnpaul

marananjohnpaul

I am sharing this based only on one factor, Elliot Wave theory. This does not have that many confluences. Just wanna share what the theory says.

marananjohnpaul

This analysis is based on Elliot wave triangle and VPVR.

marananjohnpaul

This is according to the Wyckoff Theory of Distribution and RSI Divergences.

marananjohnpaul

BTC will go to 18-19k first and then hit 32k before going 8k.

marananjohnpaul

If BTC maintains the breakout, it will be quick to reach 40k

marananjohnpaul

This was worse case scenario analysis since last month. For me, it can go down even below 10k as it is in a long-term ascending wedge.

marananjohnpaul

ATM, we are forming a bearish flag that will complete the wave B. We may expect some relief rally before the capitulation begins.

marananjohnpaul

We still have one trendline that supports our bull run. If this breaks, head and shoulders pattern will follow.

marananjohnpaul

I am not sure if I'm the only one seeing this. It has already broken out of a huge desc triangle and is now done with the retest. Additionally, looks like it has already gone out of the small descending channel. Doge seems like it is ready to go...