Hello guys,
I believe BTC is shooting for 66K in the next couple of days for the following reasons :
1) BTC is in the impulse Wave 5 of the Elliot wave series
2) It finished the correction 4th wave and now up for 5th wave and you can see the similarities at the end of Wave 2 & Wave 4 and also the beginning of wave 3 & wave 5 marked in red spots
3) impulse Wave 3 extended to exactly FIB 161% of wave 1 so I predict impulse Wave 5 is going to be almost exactly the same length as impulse wave 1 which is approx 65-66K
Appreciate everyone's feedback, happy trading
I believe BTC is shooting for 66K in the next couple of days for the following reasons :
1) BTC is in the impulse Wave 5 of the Elliot wave series
2) It finished the correction 4th wave and now up for 5th wave and you can see the similarities at the end of Wave 2 & Wave 4 and also the beginning of wave 3 & wave 5 marked in red spots
3) impulse Wave 3 extended to exactly FIB 161% of wave 1 so I predict impulse Wave 5 is going to be almost exactly the same length as impulse wave 1 which is approx 65-66K
Appreciate everyone's feedback, happy trading
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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.