BTC - Weekly Elliot Wave Forming
Looking at the Weekly charts, you can see a textbook Elliot Wave beginning to form.
Wave 1 was the bull market before COVID.
Wave 2 was the COVID crash.
Wave 3 was the bull market that took us towards 65k.
Wave 4 is what we're experiencing now.
My guess (and hope) is that somewhere between $20-30k will be the bottom of our 4th wave. With the impending Death Cross coming in about a week, I find it hard to believe that we won't see a dip to at least 28k.
The 5th wave is very hard to predict, but I'm hoping to see a push towards $100-150k before Summer of 2022.
Be safe.
Wave 1 was the bull market before COVID.
Wave 2 was the COVID crash.
Wave 3 was the bull market that took us towards 65k.
Wave 4 is what we're experiencing now.
My guess (and hope) is that somewhere between $20-30k will be the bottom of our 4th wave. With the impending Death Cross coming in about a week, I find it hard to believe that we won't see a dip to at least 28k.
The 5th wave is very hard to predict, but I'm hoping to see a push towards $100-150k before Summer of 2022.
Be safe.
ملاحظة
I realize that a made small mistake with my drawing. Wave 2 should never retrace deeper that the beginning of the first wave. While it doesn't retrace deeper, I probably should have extended the beginning of the first wave a bit further down closer towards 3kملاحظة
I'm expecting Wave 4 to finish around the 0.618 Fibonnacci level. s3.tradingview.com/snapshots/n/nuarfjHf.png
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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.