Elliot Wave Analysis for BTC
Please share, like and support my idea if you like it.
I am a strong believer that BTC is following the Elliot wave pattern.
I believe that at the moment we are in the Wave C of the Correction wave II that started from the all time highs of 20k $, ending the impulsive wave I.
We saw already that BTC did not yet break the previous highs of February 2020, and I do not think it will. I don't see anything that could drive the prices to break the resistance of 10k-10.5k $ I think a lower high has already been formed and we are going way lower in the months to come. As I estimated, and as you can see in the graph, I believe that we will bottom around January to February 2021, where the wave III and most bullish of our lifetimes will start.
Namaste!
I am a strong believer that BTC is following the Elliot wave pattern.
I believe that at the moment we are in the Wave C of the Correction wave II that started from the all time highs of 20k $, ending the impulsive wave I.
We saw already that BTC did not yet break the previous highs of February 2020, and I do not think it will. I don't see anything that could drive the prices to break the resistance of 10k-10.5k $ I think a lower high has already been formed and we are going way lower in the months to come. As I estimated, and as you can see in the graph, I believe that we will bottom around January to February 2021, where the wave III and most bullish of our lifetimes will start.
Namaste!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.