Will Santa Bring Us Bitcoin at $5k For Christmas?
Bitcoin (BTCUSD) has successfully completed an Elliott impulse wave (12345) and is now in a 3-wave corrective sequence (ABC) that touched the Fibonacci retracement at 0.618 ($3,910).
BTC may stayed a while in this range with the formation of a new Elliott flat pattern (ABC), before to start an second uptrend, this time toward the next resistance at $4.400.
The formation of this new 5-wave impulse sequence with 5k target should be reached by Xmas day as requested in my letter to Santa Claus! LOL
Merry Christmas everyone. :-)
Note: I am studying TAs and not an expert, so any comment to improve my chart analysis will be welcomed.
BTC may stayed a while in this range with the formation of a new Elliott flat pattern (ABC), before to start an second uptrend, this time toward the next resistance at $4.400.
The formation of this new 5-wave impulse sequence with 5k target should be reached by Xmas day as requested in my letter to Santa Claus! LOL
Merry Christmas everyone. :-)
Note: I am studying TAs and not an expert, so any comment to improve my chart analysis will be welcomed.
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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.