Elliott Bitcoin Analysis
1- Bitcoin has entered a correction wave.
2- Wave B was a triangular wave that had ended.
3- Wave C has started and the price is expected
to move as much as the wave A (PRZ 2) .
4- In the most optimistic case, the price of ABC
correction wave is expected to correct as much as
61.8% of all 5 previous uptrend waves, which will
be exactly in line with the floor of the long-term
uptrend channel for several years (PRZ 1 ) .
2- Wave B was a triangular wave that had ended.
3- Wave C has started and the price is expected
to move as much as the wave A (PRZ 2) .
4- In the most optimistic case, the price of ABC
correction wave is expected to correct as much as
61.8% of all 5 previous uptrend waves, which will
be exactly in line with the floor of the long-term
uptrend channel for several years (PRZ 1 ) .
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.