I think btc break out of falling wedge and is going 2400$ up as wedge height , target is 10700 and it`s clearly fit elliott waves theory.
feel free to comment your idea here.
feel free to comment your idea here.
Note
as you can see we reached to 0.5 fib retracement zone an it could be end of our correction wave 2 here is three possible scenarios :
1.price bounce from here and start wave 3 target is 10153 $.
2 .we may fall to 0.618 zone around 8134$ .
2.another less possible scenario is fall to 0.786 zone around 7853$ and bounce from there.
Note
it seems that market had chosen my scenario number 1 and had bounced from 8300 .
we are in wave 3 and target is 10150 for wave 3
i think 9100 is easily achievable
but for 10150 we have and strong resistance zone from 9200 to 9400
let`s see where it`ll go.
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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.