Potential Bull Run in Bitcoin, Elliott Wave Analysis

Bitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence.

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تعليق:

Price is moving as we expected, our eyes are now on the area of Fibonacci confluence to act as support, around the 25k range. Did anyone take advantage of this analysis? Let us know what other charts/ideas you want to see