Bitcoin Elliot waves- no 5 (last bull waves)
This will be the last bull waves for Bitcoin coming after slight consolidation for another ~5days. After that, Elliot waves no 5 kicks in and will trigger another bull run this time for about ~20 days (based on wave no 2 to no 3). Expected bull increase will be around the 43% mark for 2-3 week hitting new high with resistance around the 70k mark. The current dip of -26% is inline with the dip from no1 to no 2 (-23%) and currently is over the 43k mark lowest point. Unless the price breaks support of 40k (also co-incide with No 1 ATH) there will be a change of trend, otherwise we anticipate the bull to go all time high in Apr 2021.
https://www.tradingview.com/chart/w6MeKLx7/
https://www.tradingview.com/chart/w6MeKLx7/
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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.