Bitcoin ascending channel on its road to 30K Elliot waves ABCDE
30K BTC Price Prediction based on Fib targets and neckline support on 26k
We might see 30K before January, but this seems like the trend atm.
If we see $30k BTC we know why 😅 I dont think regulations will hit crypto until Jan 2021 so that would be when this dies...right?
The trend btc was on prior to the global covid pandemic is now being converged upon once again. The current trajectory creates a unison around November 2020, maybe 30k for Christmas? Stop loss is 3k usd. See you there!
I think that BTC is just nearing the completion/has completed wave-4 and will begin is jet-fueled ascent for Wave-5 soon. Wave-3 concluded on the 1.618 fib relative to Wave-1, and both waves-2 and 4 are extremely bullish, correcting upwards. Taking 1.618 from the base of wave-1 to the top of wave-3 and placing it on top of wave-3 or on top of wave-4, we get a...
The Bitcoin accumulation process taking place since February 2018. Since then price has been forming a falling wedge pattern, which seems to have come to an end. The new Fibonacci cycle has just started, prior to which price broke above the downtrend trendline, indicating on the BTC uptrend validity. But still, the 6k plays an important role in the further price...
First target is 13K , it might retrace near 9k from there but then second target is new ATH near 30k but it can extend to near 50k
I marked with blue arrows double bottom which was quite a significant level to enter the market. Around 30k there is strong support/ressistance area which is playing important role on the chat. This level was breached today and open possibility to go up to 50k in near future. Pair is finally trading above 200ema which is also suggesting bullish trend. I think...
I have been waiting for this for such a long time. Finally we made a breath down so we can hop again. DJI world market stocks correction. -10% value. 100MA support. 38.2%FIB trump Rally. RSI oversold with signs for a correction. 78.6% FIB last leg of the move. Fundamentally everything looks perfect. Go for the 30K. 3 positions sizes with good RRR. Good Luck
I would like point out few important things I found on the chart. We witnessed 3 major waves (not Elliot's) during the past year. Every wave finished with nice spike yellow circles. Every wave correction finished before or very close to Fibonacci level 14.6%. Every time it get close to this level double or even tripe bottom was formed which I marked with blue...