In a few words: This alternative scenario for BTC is mainly based on log-fib relationships. According to it BTC is in wave (4) of its major cycle which would have a high probability to end around $ 3.200. In this case wave (4) would reach the 0.382 (log) of the length of wave (3) which happens to be the exact bottom of wave iv.
Please note, this is just an alternative scenario. No FUD intended and mainly directed to other EW-analysts.
Open for discussion.
Please note, this is just an alternative scenario. No FUD intended and mainly directed to other EW-analysts.
Open for discussion.
Note
although $ 3,200 is a valid price target for this count I did a mistake at the end of the analyses. The log .382 extansion of wave (3) would result in a price target of $ 10,260 for wave (4)Note
$ 3,200 marks the log 0.618 extension level of wave (3)
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.
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.