Before $100K Bitcoin Looks to Establish Support Below $30K!
Updated
I've bumped my head against the monitor for the past 1 1/2 weeks, trying to find a valid, good looking Elliott Wave count for Bitcoin. I'm happy to say that I've established an outlook that's very much fitting, according to historical price action and proper Elliott Wave count. In times past, nobody has believed in the Big Crypto Reset more than I but as of now, I'll be the loudest to say that 20K will not break again (at least for the next 5-10 years).
Assuming we're in Wave 4 of the 5th Wave of the Big 3rd Wave, a revisit to low 20Ks is soon to come in an Extended Flat correction. Wave 5 of the 3rd Wave will take us beyond 120K.
*The drop to 20K can be considered invalid if we see 60K before then.
*The pump to 100K may be inaccurate if 20K breaks on the next drop.
See here for my analysis of the current position...
Assuming we're in Wave 4 of the 5th Wave of the Big 3rd Wave, a revisit to low 20Ks is soon to come in an Extended Flat correction. Wave 5 of the 3rd Wave will take us beyond 120K.
*The drop to 20K can be considered invalid if we see 60K before then.
*The pump to 100K may be inaccurate if 20K breaks on the next drop.
See here for my analysis of the current position...
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The anticipated Elliott Wave is unlikely at this point. There is still room before technical invalidation is reached however, it appears we may have gotten another Wave 4 correction type that's already played out. We very well may already be in a Wave 5 impulsive area. A retrace to 44K may come before real gas.Note
Was working on my craft with this original post. Deserves an update. See below:
#SURF
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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